DraftKings Inc. (NASDAQ:DKNG – Get Free Report) insider Paul Liberman sold 88,441 shares of DraftKings stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $36.41, for a total transaction of $3,220,136.81. Following the completion of the sale, the insider now owns 1,923,483 shares of the company’s stock, valued at approximately $70,034,016.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Paul Liberman also recently made the following trade(s):
- On Wednesday, September 25th, Paul Liberman sold 643,654 shares of DraftKings stock. The shares were sold at an average price of $41.24, for a total transaction of $26,544,290.96.
- On Monday, August 26th, Paul Liberman sold 88,441 shares of DraftKings stock. The shares were sold at an average price of $35.64, for a total transaction of $3,152,037.24.
DraftKings Stock Performance
Shares of DraftKings stock opened at $36.47 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.97. DraftKings Inc. has a twelve month low of $25.73 and a twelve month high of $49.57. The stock has a market cap of $31.70 billion, a price-to-earnings ratio of -30.91 and a beta of 1.81. The company’s fifty day moving average is $37.24 and its 200 day moving average is $38.34.
Hedge Funds Weigh In On DraftKings
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in DraftKings in the second quarter valued at $1,530,000. Romano Brothers AND Company acquired a new position in DraftKings in the third quarter valued at $1,181,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in DraftKings by 63.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,979 shares of the company’s stock valued at $3,129,000 after buying an additional 31,880 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in DraftKings by 14.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,400,331 shares of the company’s stock valued at $94,093,000 after buying an additional 298,365 shares during the period. Finally, LRI Investments LLC acquired a new position in DraftKings in the first quarter valued at $31,000. Institutional investors and hedge funds own 37.70% of the company’s stock.
Wall Street Analyst Weigh In
DKNG has been the subject of a number of analyst reports. Oppenheimer dropped their price target on shares of DraftKings from $58.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of DraftKings in a research note on Monday, October 7th. Morgan Stanley lifted their price objective on shares of DraftKings from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Susquehanna lifted their price objective on shares of DraftKings from $48.00 to $50.00 and gave the company a “positive” rating in a research note on Monday, October 7th. Finally, Macquarie reissued an “outperform” rating and issued a $50.00 price objective on shares of DraftKings in a research note on Monday, August 26th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, DraftKings presently has an average rating of “Moderate Buy” and a consensus target price of $50.22.
Read Our Latest Stock Report on DKNG
DraftKings Company Profile
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.
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