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Insider Sale: Chief Financial Officer of $DKNG Sells 44,693 Shares

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Alan Wayne Ellingson, the Chief Financial Officer of $DKNG, sold 44,693 shares of the company on 08-19-2025 for an estimated $2,006,715. We received data on the trade from a recent SEC filing. This was a sale of approximately 25.9% of their shares of this class of stock. Following this trade, they now own 128,131 shares of this class of $DKNG stock.

$DKNG Insider Trading Activity

$DKNG insiders have traded $DKNG stock on the open market 54 times in the past 6 months. Of those trades, 0 have been purchases and 54 have been sales.

Here’s a breakdown of recent trading of $DKNG stock by insiders over the last 6 months:

  • MATTHEW KALISH (See Remarks) has made 0 purchases and 16 sales selling 1,847,585 shares for an estimated $79,138,882.
  • PAUL LIBERMAN (See Remarks) has made 0 purchases and 9 sales selling 1,210,850 shares for an estimated $50,552,521.
  • R STANTON DODGE (Chief Legal Officer) has made 0 purchases and 16 sales selling 797,797 shares for an estimated $32,528,009.
  • JASON ROBINS (See Remarks) has made 0 purchases and 3 sales selling 666,651 shares for an estimated $28,281,278.
  • ALAN WAYNE ELLINGSON (Chief Financial Officer) has made 0 purchases and 7 sales selling 221,789 shares for an estimated $9,491,360.
  • JOCELYN MOORE has made 0 purchases and 3 sales selling 11,417 shares for an estimated $464,321.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$DKNG Hedge Fund Activity

We have seen 415 institutional investors add shares of $DKNG stock to their portfolio, and 472 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • JERICHO CAPITAL ASSET MANAGEMENT L.P. removed 5,245,494 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $174,202,855
  • WELLINGTON MANAGEMENT GROUP LLP added 4,326,588 shares (+22.7%) to their portfolio in Q2 2025, for an estimated $185,567,359
  • BROWN ADVISORY INC added 4,048,680 shares (+53272.1%) to their portfolio in Q2 2025, for an estimated $173,647,885
  • BLACKROCK, INC. removed 3,679,199 shares (-12.4%) from their portfolio in Q2 2025, for an estimated $157,800,845
  • POINT72 ASSET MANAGEMENT, L.P. removed 3,247,937 shares (-99.7%) from their portfolio in Q2 2025, for an estimated $139,304,017
  • MARSHALL WACE, LLP removed 2,640,717 shares (-90.5%) from their portfolio in Q2 2025, for an estimated $113,260,352
  • AGF MANAGEMENT LTD removed 2,517,982 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $107,996,247

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$DKNG Analyst Ratings

Wall Street analysts have issued reports on $DKNG in the last several months. We have seen 18 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

  • Barclays issued a "Overweight" rating on 08/08/2025
  • Jefferies issued a "Buy" rating on 08/08/2025
  • Benchmark issued a "Buy" rating on 08/07/2025
  • Susquehanna issued a "Positive" rating on 07/25/2025
  • Stifel issued a "Buy" rating on 07/16/2025
  • Truist Securities issued a "Buy" rating on 07/16/2025
  • Morgan Stanley issued a "Overweight" rating on 07/11/2025

To track analyst ratings and price targets for $DKNG, check out Quiver Quantitative's $DKNG forecast page.

$DKNG Price Targets

Multiple analysts have issued price targets for $DKNG recently. We have seen 19 analysts offer price targets for $DKNG in the last 6 months, with a median target of $54.0.

Here are some recent targets:

  • David Katz from Jefferies set a target price of $54.0 on 08/08/2025
  • Brandt Montour from Barclays set a target price of $54.0 on 08/08/2025
  • Mike Hickey from Benchmark set a target price of $53.0 on 08/07/2025
  • Joseph Stauff from Susquehanna set a target price of $60.0 on 07/25/2025
  • Barry Jonas from Truist Securities set a target price of $55.0 on 07/16/2025
  • Jeffrey Stantial from Stifel set a target price of $51.0 on 07/16/2025
  • Stephen Grambling from Morgan Stanley set a target price of $52.0 on 07/11/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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