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

DraftKings Inc. (NASDAQ:DKNG) Director Harry Sloan acquired 100,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $21.85 per share, with a total value of $2,185,000.00. Following the transaction, the director directly owned 350,219 shares of the company’s stock, valued at $7,652,285.15. This represents a 39.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

DraftKings Stock Up 4.9%

Shares of DKNG stock traded up $1.12 on Wednesday, hitting $23.71. The stock had a trading volume of 2,249,726 shares, compared to its average volume of 16,379,825. The stock’s 50 day moving average is $31.69 and its 200-day moving average is $35.82. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of -592.60, a P/E/G ratio of 0.43 and a beta of 1.67. DraftKings Inc. has a 52-week low of $21.01 and a 52-week high of $51.15. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.09 and a current ratio of 1.10.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Meridian Hedged Equity Fund (ArrowMark Partners) reiterated confidence in DraftKings’ earnings outlook in its Q4 2025 investor letter — a sign of institutional support that can help stabilize the stock. Meridian Letter
• Positive Sentiment: Several firms left constructive ratings: Mizuho kept an “outperform” rating with a modest cut to $44 (still a large implied upside), and other shops (Oppenheimer, Needham, Truist) maintained outperform/buy stances despite lower targets — this suggests analysts still expect recovery over time. Analyst Notes
• Neutral Sentiment: DraftKings is a trending stock on market sites and coverage lists (Zacks summary), which can increase volatility as momentum traders and retail investors watch headlines. Zacks Coverage
• Neutral Sentiment: Short‑interest data reported today is effectively meaningless/gapped in the public feed (zeros/NaN), so it’s not currently a clear driver. Market reaction appears driven more by analyst commentary than by a short squeeze dynamic.
• Negative Sentiment: Widespread price‑target cuts from major banks: Goldman Sachs (54 → 31), JPMorgan (41 → 32), Citi (48 → 32), Truist (45 → 33), Oppenheimer (50 → 35), Needham (52 → 35) and others lowered targets—this collective downdraft reduces consensus upside and is the main negative catalyst. Price Target Roundup
• Negative Sentiment: Opinion pieces urging caution (e.g., “Beware of Pinterest and DraftKings”) highlight downside risks and could amplify selling pressure from more conservative investors. BayStreet Caution

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DKNG shares. Guggenheim set a $37.00 target price on DraftKings in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $26.00 price target on shares of DraftKings in a research note on Tuesday. UBS Group reissued a “buy” rating on shares of DraftKings in a report on Wednesday, January 7th. Sanford C. Bernstein set a $28.00 target price on shares of DraftKings in a research note on Monday. Finally, Macquarie Infrastructure reduced their price target on shares of DraftKings from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Twenty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DraftKings presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

Institutional Trading of DraftKings

Several large investors have recently made changes to their positions in DKNG. Dagco Inc. acquired a new stake in DraftKings in the 4th quarter worth $26,000. Ameriflex Group Inc. lifted its stake in shares of DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock valued at $30,000 after buying an additional 405 shares during the period. Root Financial Partners LLC acquired a new stake in DraftKings during the third quarter worth about $33,000. Asset Dedication LLC acquired a new stake in DraftKings during the third quarter worth about $37,000. Finally, Atlantic Union Bankshares Corp bought a new position in DraftKings during the second quarter valued at about $45,000. Institutional investors own 37.70% of the company’s stock.

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.