Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Alan Wayne Ellingson, Chief Financial Officer of DraftKings Inc. (NASDAQ:DKNG), sold 5,725 shares of Class A Common Stock on August 15, 2025, at a price of $43.53, totaling $249,209. The transaction comes as DraftKings’ stock has shown strong momentum, with a 20.81% gain year-to-date and a market capitalization of $22.25 billion.
Following the transaction, Ellingson directly owns 172,824 shares of DraftKings Inc.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 20, 2024. The sale was reported in a Form 4 filing with the Securities and Exchange Commission.
The filing was signed by Faisal Hasan, attorney-in-fact, on August 15, 2025.
In other recent news, DraftKings Inc. reported strong second-quarter earnings with revenue reaching $1,513 million, marking a 37% increase compared to the previous year. This figure surpassed both Guggenheim’s estimate of $1,388 million and the consensus forecast of $1,424 million. Following these results, Guggenheim reiterated its Buy rating on DraftKings with a $60.00 price target. Additionally, Susquehanna raised its price target for DraftKings to $64 from $60, maintaining a Positive rating on the stock. The firm highlighted the company’s significant earnings beat but expressed some investor concerns about meeting sports hold rate expectations in the U.S. sports calendar. In other developments, DraftKings secured a direct mobile sports betting license in Missouri, allowing it to operate independently in the state. This license is one of only two available and enables DraftKings to launch its online sportsbook on December 1, 2025, pending final regulatory approvals.
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