DraftKings' Legal Chief Stanton Sells Shares, Buys More

DraftKings Inc. [DKNG] has recently disclosed that Chief Legal Officer Dodge R Stanton has executed several transactions on September 1 and 2, 2025. Stanton sold a total of 4826, 2111, and 2187 shares at a price of $47.98 per share on September 1, as well as 353 shares at the same price. On September 2, Stanton purchased 97593 shares at $2.95 per share, but also sold 31292 and 74262 shares at $47.06 and $47.5 per share, respectively.

Title: DraftKings Inc. [DKNG] Insider Transactions on September 1 and 2, 2025

DraftKings Inc. [DKNG] has recently disclosed that Chief Legal Officer R Stanton Dodge executed several transactions on September 1 and 2, 2025. On September 1, Stanton sold 4,826, 2,111, and 2,187 shares at a price of $47.98 per share. Additionally, he sold 353 shares at the same price. On September 2, Stanton purchased 97,593 shares at $2.95 per share but also sold 31,292 and 74,262 shares at $47.06 and $47.50 per share, respectively.

These transactions highlight a significant activity by one of DraftKings' key insiders. The buying and selling of shares by insiders can provide insights into the company's future prospects. However, it is essential to consider these transactions in the broader context of the company's performance and overall market conditions.

DraftKings reported a quarterly earnings of $0.30 per share, surpassing analysts' estimates and achieving a 36.9% increase in revenue year-over-year [2]. Insiders at DraftKings have sold a significant number of shares recently, with over 763,885 shares sold in the past ninety days, indicating a 51.19% insider ownership remaining in the company [2]. The company has seen institutional investors and hedge funds increasing their holdings, with Synovus Financial Corp, Brown Advisory Inc., IFM Investors Pty Ltd, Allspring Global Investments Holdings LLC, and Kentucky Retirement Systems among those buying new positions in the company [2].

The stock's recent performance has been mixed, trading down $0.07 during the trading session on Tuesday, reaching $47.91. The company's debt-to-equity ratio is 1.82, a quick ratio of 1.34, and a current ratio of 1.34. Analysts have issued mixed ratings, with a consensus rating of "Moderate Buy" and a consensus target price of $54.50 [2].

Insider transactions can be a significant indicator of a company's future prospects, but they should be evaluated alongside other financial data and market conditions. Investors should closely monitor the company's performance and the broader market trends to make informed investment decisions.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/DKNG/insider-trades/
[2] https://www.marketbeat.com/instant-alerts/filing-7779-shares-in-draftkings-inc-dkng-bought-by-synovus-financial-corp-2025-08-30/