DraftKings (NASDAQ:DKNG) Director Harry Sloan Acquires 100,000 Shares of Stock

DraftKings Inc. (NASDAQ:DKNG) Director Harry Sloan purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $21.85 per share, for a total transaction of $2,185,000.00. Following the purchase, the director owned 350,219 shares in the company, valued at $7,652,285.15. This trade represents a 39.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

DraftKings Stock Up 2.7%

Shares of DraftKings stock opened at $23.21 on Thursday. The business has a fifty day simple moving average of $31.47 and a 200 day simple moving average of $35.73. The stock has a market cap of $11.44 billion, a PE ratio of -580.25, a price-to-earnings-growth ratio of 0.45 and a beta of 1.67. The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 2.91. DraftKings Inc. has a 12 month low of $21.01 and a 12 month high of $51.15.

Institutional Investors Weigh In On DraftKings

Several large investors have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its stake in DraftKings by 1,996.2% in the third quarter. Nordea Investment Management AB now owns 421,127 shares of the company’s stock valued at $16,205,000 after acquiring an additional 401,037 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of DraftKings by 1.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,473,099 shares of the company’s stock worth $279,494,000 after purchasing an additional 79,152 shares during the last quarter. Helios Capital Management PTE. Ltd. raised its holdings in shares of DraftKings by 926.0% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 114,000 shares of the company’s stock valued at $4,889,000 after purchasing an additional 102,889 shares during the period. Claro Advisors LLC raised its holdings in shares of DraftKings by 121.4% in the 2nd quarter. Claro Advisors LLC now owns 39,915 shares of the company’s stock valued at $1,712,000 after purchasing an additional 21,890 shares during the period. Finally, Swiss National Bank lifted its stake in DraftKings by 10.0% in the 2nd quarter. Swiss National Bank now owns 1,361,964 shares of the company’s stock valued at $58,415,000 after purchasing an additional 124,200 shares during the last quarter. Institutional investors own 37.70% of the company’s stock.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Barclays put a “buy” on DraftKings, providing an institutional validation that likely supported the rally. DraftKings (DKNG) Gets a Buy from Barclays
• Positive Sentiment: Director Harry Sloan bought 100,000 shares (~$2.185M) and increased his stake by ~40% — a strong insider signal that can boost investor confidence. SEC Filing
• Positive Sentiment: Meridian Hedged Equity Fund (ArrowMark Partners) reiterated confidence in DraftKings’ earnings outlook, signaling institutional support for the company’s fundamentals. Meridian Hedged Equity Fund Remains Confident
• Positive Sentiment: Market commentary flagged DraftKings as “discounted” by some Street participants, which can attract value‑seeking buyers given the company’s upside in many analyst models. Wall Street Flags Discounted DraftKings Stock
• Neutral Sentiment: An analyst roundup notes mixed opinions on consumer‑cyclical names including DraftKings — reflects divergent views across firms and explains volatility as investors weigh conflicting signals. Analysts’ Opinions Are Mixed
• Negative Sentiment: Multiple major brokers (Goldman, JPMorgan, Citi, Truist, Oppenheimer, Needham, Mizuho and others) cut price targets — in many cases significantly — while generally maintaining buy/overweight/outperform ratings. That lowers near‑term upside expectations and adds downward pressure even as analysts retain constructive longer‑term views. Benzinga coverage of analyst updates Truist price target cut (example)
• Negative Sentiment: A BayStreet column warns investors to “beware” of DraftKings, highlighting downside risks that could pressure sentiment among retail investors. Beware of Pinterest and DraftKings

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Macquarie Infrastructure reduced their price objective on shares of DraftKings from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Benchmark cut their target price on shares of DraftKings from $37.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Mizuho reduced their price target on shares of DraftKings from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday. Zacks Research raised shares of DraftKings from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of DraftKings in a research note on Sunday. Twenty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DraftKings presently has an average rating of “Moderate Buy” and a consensus target price of $37.89.

About DraftKings

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.