R Stanton Dodge Sells 62,500 Shares of DraftKings (NASDAQ:DKNG) Stock

14 Jun 2026, 05:45 by Jessica Moore · The Cerbat Gem

DraftKings Inc. (NASDAQ:DKNG – Get Free Report) insider R Stanton Dodge sold 62,500 shares of DraftKings stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $29.68, for a total value of $1,855,000.00. Following the transaction, the insider owned 556,258 shares of the company’s stock, valued at $16,509,737.44. This trade represents a 10.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DraftKings Price Performance

DraftKings stock opened at $29.00 on Friday. DraftKings Inc. has a 52 week low of $20.46 and a 52 week high of $48.78. The company’s 50 day moving average price is $24.47 and its two-hundred day moving average price is $27.57. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.03. The stock has a market cap of $14.39 billion, a P/E ratio of 483.33 and a beta of 1.66.

DraftKings (NASDAQ:DKNG – Get Free Report) last posted its earnings results on Friday, May 8th. The company reported $0.20 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 firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business earned ($0.07) EPS. DraftKings’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts predict that DraftKings Inc. will post 0.6 earnings per share for the current year.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

Positive Sentiment: DraftKings is drawing bullish attention after Oppenheimer reiterated a Buy rating, reinforcing optimism around the company’s growth outlook. DraftKings (DKNG) Receives a Buy from Oppenheimer
Positive Sentiment: Investor enthusiasm picked up after DraftKings disclosed strong growth in its Predictions platform, with May volume reportedly surging and some articles calling it a potential new growth engine for the stock. Why DraftKings (DKNG) Stock Is Up Today
Positive Sentiment: DraftKings also benefited from World Cup-related optimism, with analysts saying it could be a clear winner as sports betting activity rises during the tournament and marketing spend ramps up. Intel surges on rare double upgrade, DraftKings scores ahead of World Cup
Positive Sentiment: Unusually heavy call-option buying and a strong weekly rally suggest traders are positioning for additional upside in DKNG. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months
Neutral Sentiment: Some commentary notes DraftKings’ prediction-market business is growing quickly but is still relatively small versus larger rivals, so the long-term opportunity remains early-stage. DraftKings: Prediction Market Potential Is Becoming Clearer
Negative Sentiment: JPMorgan cautioned that while May operating data showed progress, it does not yet point to immediate upside, which may temper some of the bullish momentum. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months

Institutional Investors Weigh In On DraftKings

A number of hedge funds have recently modified their holdings of DKNG. Integrated Wealth Concepts LLC raised its holdings in DraftKings by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company’s stock valued at $314,000 after acquiring an additional 524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in DraftKings by 1,141.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company’s stock valued at $1,463,000 after acquiring an additional 40,495 shares during the period. Empowered Funds LLC raised its holdings in DraftKings by 18.0% during the 1st quarter. Empowered Funds LLC now owns 9,115 shares of the company’s stock valued at $303,000 after acquiring an additional 1,391 shares during the period. Sivia Capital Partners LLC bought a new stake in DraftKings during the 2nd quarter valued at $603,000. Finally, Daiwa Securities Group Inc. raised its holdings in DraftKings by 2.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 44,102 shares of the company’s stock valued at $1,892,000 after acquiring an additional 968 shares during the period. Institutional investors own 37.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on DKNG shares. New Street Research set a $29.00 target price on shares of DraftKings in a research report on Monday, June 1st. Wedbush started coverage on shares of DraftKings in a research report on Friday, April 24th. They set an “outperform” rating on the stock. The Goldman Sachs Group dropped their target price on shares of DraftKings from $54.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Roth Mkm raised shares of DraftKings from a “sell” rating to a “buy” rating in a research report on Friday, April 24th. Finally, Moffett Nathanson cut shares of DraftKings from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $27.00 in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.21.

View Our Latest Stock Analysis on DKNG

DraftKings Company Profile

(Get Free Report)

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.