Insider Activity and Hedge Fund Moves at DraftKings Inc. ($DKNG)
Recent Insider Trades
Matthew Kalish, a key figure at $DKNG, sold 231,269 shares of the company on February 21, 2025, for approximately $10,615,247. This sale represents about 4.9% of his total holdings. After this transaction, Kalish now possesses 4,475,243 shares of $DKNG.
Insider Overview and Transactions
In the past six months, the insiders at $DKNG engaged in trading activities 20 times, all of which were sales—no shares were purchased during this period.
Here’s what recent insider trading activity looks like:
- PAUL LIBERMAN (See Remarks) had 0 purchases and 9 sales, offloading 1,464,190 shares for around $57,944,803.
- MATTHEW KALISH (See Remarks) made 0 purchases and 4 sales, selling 587,585 shares for about $27,645,609.
- R STANTON DODGE (Chief Legal Officer) recorded 0 purchases and 5 sales, selling 392,969 shares valued at around $17,504,300.
- JASON ROBINS (See Remarks) completed 0 purchases and 2 sales, with 203,151 shares sold for roughly $9,137,730.
For more details on insider transactions, refer to Quiver Quantitative’s insider trading dashboard.
Hedge Fund Activity at $DKNG
In the latest quarter, 342 institutional investors increased their positions in $DKNG, while 472 reduced their stakes.
Significant moves among institutional investors include:
- JANUS HENDERSON GROUP PLC added 9,352,019 shares (+31346.8%) in Q4 2024, valued at approximately $347,895,106.
- FMR LLC increased holdings by 7,150,382 shares (+110.6%) during the same quarter, amounting to around $265,994,210.
- BAILLIE GIFFORD & CO made a notable move, adding 6,633,458 shares, though percentage increase data is not available, valued at roughly $246,764,637.
- FRED ALGER MANAGEMENT, LLC decreased their holdings by 2,860,154 shares (-61.6%) in this period, for an estimated $106,397,728.
- POINT72 ASSET MANAGEMENT, L.P. added 2,372,661 shares (+79.4%), valued at around $88,262,989.
- CITADEL ADVISORS LLC acquired 2,198,447 shares (+32.4%), worth approximately $81,782,228.
- ALYESKA INVESTMENT GROUP, L.P. completely exited their position by removing 2,189,303 shares (-100.0%), equating to about $81,442,071.
For more insights into hedge fund portfolios, visit Quiver Quantitative’s institutional holdings dashboard.
This article is not financial advice. Please refer to Quiver Quantitative’s disclaimers for additional information.
This article was originally published on Quiver News; read the full story.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
