DraftKings (NASDAQ:DKNG) CAO Erik Bradbury Sells 862 Shares

DraftKings Inc. (NASDAQ:DKNG) CAO Erik Bradbury sold 862 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $25.33, for a total transaction of $21,834.46. Following the completion of the transaction, the chief accounting officer directly owned 38,168 shares in the company, valued at approximately $966,795.44. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erik Bradbury also recently made the following trade(s):

• On Tuesday, March 3rd, Erik Bradbury sold 2,883 shares of DraftKings stock. The stock was sold at an average price of $24.56, for a total transaction of $70,806.48.

DraftKings Stock Down 1.1%

Shares of NASDAQ:DKNG opened at $25.12 on Friday. DraftKings Inc. has a 52-week low of $20.46 and a 52-week high of $48.78. The firm has a fifty day moving average of $23.68 and a 200 day moving average of $27.94. The firm has a market capitalization of $12.46 billion, a PE ratio of 418.67 and a beta of 1.67. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.02 and a current ratio of 1.02.

DraftKings (NASDAQ:DKNG) last announced its earnings results on Friday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). DraftKings had a return on equity of 13.51% and a net margin of 0.93%.The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm posted ($0.07) earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, research analysts anticipate that DraftKings Inc. will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On DraftKings

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in DraftKings by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 44,758,204 shares of the company’s stock worth $1,542,368,000 after purchasing an additional 1,354,457 shares during the period. Citigroup Inc. grew its holdings in DraftKings by 40.6% in the third quarter. Citigroup Inc. now owns 1,939,764 shares of the company’s stock worth $72,547,000 after purchasing an additional 560,139 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new stake in DraftKings in the third quarter worth about $4,492,000. Waycross Partners LLC purchased a new stake in DraftKings in the fourth quarter worth about $2,584,000. Finally, DAVENPORT & Co LLC grew its holdings in shares of DraftKings by 11.2% during the fourth quarter. DAVENPORT & Co LLC now owns 3,456,735 shares of the company’s stock valued at $119,602,000 after buying an additional 348,333 shares during the last quarter. 37.70% of the stock is owned by institutional investors.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Freedom Capital Markets initiated coverage on DraftKings with a buy/strong-buy stance, citing upside tied to the company’s prediction market opportunity and improving growth outlook. DraftKings, FanDuel Back $9.3 Million Alabama Political Push
• Positive Sentiment: Investor focus remains on DraftKings’ Q1 2026 revenue of $1.65 billion, up 17% year over year, supported by strong customer acquisition, consumer engagement, and improved sportsbook margins. DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY
• Positive Sentiment: Wall Street’s average price target still implies roughly 34% upside, reinforcing the bullish case despite recent volatility. Can DraftKings (DKNG) Climb 33.99% to Reach the Level Wall Street Analysts Expect?
• Neutral Sentiment: Zacks Research upgraded DraftKings from strong sell to hold, an incremental improvement but not a strong conviction call. DraftKings was upgraded by Zacks Research from strong sell to hold
• Neutral Sentiment: DraftKings remains a trending stock with elevated investor interest, which can add trading momentum but does not by itself change fundamentals. DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Insider selling was reported, including a director sale and a CAO sale under a Rule 10b5-1 plan, which may modestly weigh on sentiment even if the transactions were pre-arranged. CAO Erik Bradbury sold shares
• Negative Sentiment: Earlier commentary on DraftKings highlighted the stock’s prior drop on cautious revenue guidance, reminding investors that execution risk is still part of the story. DraftKings (DKNG) Slid on Cautious Revenue Guidance

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DKNG shares. Benchmark reiterated a “buy” rating on shares of DraftKings in a research report on Tuesday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of DraftKings in a research report on Monday, May 11th. Morgan Stanley reiterated an “overweight” rating on shares of DraftKings in a research report on Thursday. Canaccord Genuity Group cut their target price on shares of DraftKings from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of DraftKings from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, DraftKings currently has an average rating of “Moderate Buy” and an average price target of $34.32.

DraftKings Company Profile

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.