Draftkings’ chief legal officer Dodge sells $1.8m in shares

DraftKings Inc. NASDAQ:DKNG Chief Legal Officer Dodge R Stanton sold 52,777 shares of Class A Common Stock on October 17, 2025. The sales were executed at prices ranging from $34.09 to $35.05, netting $1,824,535. The transaction occurred as the stock, currently trading at $33.62, shows significant volatility according to InvestingPro data. With a market capitalization of $16.69 billion, DraftKings appears undervalued based on InvestingPro’s Fair Value analysis.

On the same day, Stanton exercised stock options to acquire 40,142 shares of Class A Common Stock at an exercise price of $2.95, for a total value of $118,418. These options were granted on November 7, 2017, and are fully vested as of the report date. The timing is notable as DraftKings approaches its next earnings report on October 31, with analysts maintaining a bullish consensus. Get deeper insights and access to 12 exclusive ProTips for DKNG with InvestingPro.

Following these transactions, Stanton directly owns 500,000 shares of DraftKings Inc., maintaining significant exposure to the company despite recent price volatility, with the stock down 8.33% year-to-date.

In other recent news, DraftKings Inc. announced the acquisition of Railbird Technologies and its subsidiary, Railbird Exchange, expanding its reach into the prediction markets space. This strategic move allows DraftKings to offer regulated event contracts across various sectors through a forthcoming mobile application called DraftKings Predictions. Despite the acquisition, Stifel reaffirmed its Buy rating and maintained a $51.00 price target for DraftKings. Meanwhile, Citizens also reiterated its Market Outperform rating, though it cautioned about potentially disappointing quarterly results due to expected declines in sports betting and iGaming revenue. In another development, Berenberg upgraded DraftKings from Hold to Buy, attributing the decision to the company’s growth and margin improvements, although it slightly lowered the price target to $43.00. These recent developments indicate DraftKings’ strategic efforts to diversify and enhance its business operations.

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