R Stanton Dodge Sells 686,101 Shares of DraftKings Inc. (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNGGet Free Report) insider R Stanton Dodge sold 686,101 shares of DraftKings stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $43.06, for a total transaction of $29,543,509.06. Following the transaction, the insider now owns 200,239 shares in the company, valued at approximately $8,622,291.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

R Stanton Dodge also recently made the following trade(s):

  • On Friday, December 1st, R Stanton Dodge sold 52,777 shares of DraftKings stock. The stock was sold at an average price of $38.84, for a total transaction of $2,049,858.68.
  • On Wednesday, November 29th, R Stanton Dodge sold 123,609 shares of DraftKings stock. The stock was sold at an average price of $38.41, for a total transaction of $4,747,821.69.

DraftKings Trading Up 1.3 %

NASDAQ DKNG opened at $43.38 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.56. The firm has a market cap of $37.27 billion, a PE ratio of -19.90 and a beta of 1.87. The company has a 50 day moving average price of $36.70 and a 200 day moving average price of $33.00. DraftKings Inc. has a 52 week low of $15.56 and a 52 week high of $44.04.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of DraftKings by 8.3% during the 4th quarter. Fifth Third Bancorp now owns 4,331 shares of the company’s stock worth $153,000 after acquiring an additional 331 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in DraftKings by 4.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 8,082 shares of the company’s stock valued at $285,000 after purchasing an additional 341 shares in the last quarter. Signaturefd LLC increased its stake in DraftKings by 7.6% during the 3rd quarter. Signaturefd LLC now owns 5,350 shares of the company’s stock valued at $158,000 after purchasing an additional 379 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in DraftKings by 3.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 10,289 shares of the company’s stock valued at $363,000 after purchasing an additional 381 shares in the last quarter. Finally, Udine Wealth Management Inc. increased its stake in DraftKings by 0.5% during the 3rd quarter. Udine Wealth Management Inc. now owns 79,352 shares of the company’s stock valued at $2,336,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 32.84% of the company’s stock.

Wall Street Analysts Forecast Growth

DKNG has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of DraftKings in a research note on Tuesday, January 9th. They set an “outperform” rating and a $43.00 price target for the company. Guggenheim lifted their price target on shares of DraftKings from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Argus lifted their price target on shares of DraftKings from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Craig Hallum lifted their price target on shares of DraftKings from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Moffett Nathanson raised shares of DraftKings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.56.

Get Our Latest Analysis on DKNG

DraftKings Company Profile

(Get Free Report)

DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

See Also

Insider Buying and Selling by Quarter for DraftKings (NASDAQ:DKNG)

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