Kenneth Bryan Dart purchased $82.9 million of FLUT shares at $93.58, a move that coincides with the stock's 69% year-to-date decline and a 13% drop since April. This significant insider buy, flagged as the largest ever, suggests the billionaire founder sees value in the company's long-term prospects despite recent operational headwinds.
Price context
FLUT is down 9.28% over the last 5 days and 14.95% over the last 30 days, trading at $94.74. The stock is currently 69.8% below its 52-week high of $313.69 and is down 69.05% over the past year.
Catalysts to watch
- •Q2 2026 earnings on August 12, 2026, where the company reported a net loss of $296M due to U.K. tax headwinds and strategic U.S. investments.
- •CEO handover from Peter Jackson to Dan Taylor on August 7, 2026, which may signal a new strategic direction.
- •Citi upgraded the stock to 'neutral' on August 7, 2026, arguing that a 13% share price fall since April has reset expectations.
Risks
- •Jefferies cut Flutter's price target to $180 from $210 on August 10, 2026, following increased promotional spending in the U.S. during the second half of 2026.
- •The stock is down 69.05% year to date, with shares falling 11% on the Q2 earnings print, reflecting significant investor disappointment.
AI-generated context from public data. Not investment advice. Verify before trading.