TLDR DraftKings CAO Erik Bradbury sold 2,883 Class A shares on March 3 at $24.56, totaling $70,806 This follows a February 19 sale of 7,268 shares at $22.50, worth $163,530 DKNG rose 2.6% on the day to $24.45, with a market cap of $12.05 billion DraftKings unveiled a unified “Super App” combining sportsbook, casino, predictions, and lottery into one platform Analyst consensus sits at Moderate Buy with an average price target of $37.12
DraftKings’ CAO Bradbury sold around $70K in stock on March 3, while the company rose 2.6% and unveiled a new Super App combining its key products.
DraftKings Inc., DKNG
DraftKings’ CAO Erik Bradbury sold 2,883 Class A shares on March 3 at an average price of $24.56, bringing in $70,806. The sale was reported in an SEC filing.
This wasn’t Bradbury’s first recent sale. On February 19, he sold 7,268 shares at $22.50, netting $163,530. Combined, the two sales cut his stake by roughly 7%.
After the March 3 transaction, Bradbury holds 38,168 shares, valued at around $937,000 at current prices.
It’s worth noting some context here. Bradbury also received shares through RSU vestings on February 27 and March 1, picking up a total of around 8,000 shares. A portion of those — 3,670 shares — were withheld to cover taxes, at $23.84 per share.
So the sales don’t tell the whole story. Bradbury was both receiving and selling stock around the same period.
Analyst Targets and Ratings
On the same day as the insider sale, DKNG traded up 2.6% to $24.45. Volume came in at around 16.7 million shares, close to the daily average.
The stock’s 12-month range sits between $21.01 and $48.78. At current levels, it’s trading near the low end of that range. The 200-day moving average is