Thanksgiving is a day for thanks and indulging in your favorite foods. We are thankful this week for many insider buying choices and instead of focusing on just one company, we’ll treat you to a five-course meal of million-dollar (and up) insider buys with attractive upside potential.
DraftKings Inc. (DKNG) Director Harry Sloan placed a $1.976 million bet on the online gaming site. Sloan spent some money last week with another purchase for little less than a million, scooping up $998,016 of Skillz Inc. (SKLZ). (1)
DraftKings operates as a digital sports entertainment and gaming company. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products.
Wall Street has a one-year price target of $64.70 on DKNG. (2) It trades at $37.00 as we type.
Skillz is a technology company that enables game developers to monetize their content through fun and fair multi-player competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide.
SKLZ is $9.88 as of this keystroke with a one-year price target of $16.57. (3)
PayPal Holdings, Inc. (PYPL) director John Donahoe bought 9,780 shares of the online financial company for a hair under $2 million. (4) In case you don’t get out much, PayPal is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company’s payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies, including cryptocurrencies.
PYPL has a one-year price target of $283.27 and trades for $190.63 as we type. (5)
Telos Corporation (TLS) Chief Executive Officer (CEO) John Wood added an even 100,000 shares of TLS to his brokerage account at $18.14 per share. The math says that’s $1.814 million. (6) CEO Wood has a nice history of buying Telos low and selling it higher.
Telos Corporation offers advanced technology solutions that empower and protect the world’s most security-conscious enterprises. They protect customer’s people, information, and digital assets so they can pursue their corporate goals and conduct their global missions with assured security and privacy. Telos’ customers include Fortune 500 members, the U.S. Department of Defense (DoD), intelligence and civilian agencies of the federal government, and NATO allies and other organizations around the world.
TLS has a one-year price target of $42.71 and trades for $17.96 as of this keystroke. (7)
Uber Technologies, Inc. (UBER) shares have hit some potholes of late, but that didn’t stop Chief Executive Officer (CEO) Dara Khosrowshahi from purchasing 200,000 shares at $44.92 for $8.98 million. (8)
Once again, if you don’t get out much, Uber develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and Uber Eats.
Like the previous four, highlighted, million-dollar buys, UBER appears to have attractive upside to its one-year price target of $68.01. It’s $42.56 as of the close on November 22, 2021.
1 – https://www.secform4.com/insider-trading/1258248.htm
2 – https://finance.yahoo.com/quote/DKNG/?p=DKNG
3 – https://finance.yahoo.com/quote/SKLZ/?p=SKLZ
4 – https://www.secform4.com/insider-trading/1321240.htm
5 – https://finance.yahoo.com/quote/PYPL?p=PYPL
6 – https://www.secform4.com/insider-trading/1356849.htm
7 – https://finance.yahoo.com/quote/TLS?p=TLS
8 – https://www.secform4.com/insider-trading/1184237.htm
9 – https://finance.yahoo.com/quote/UBER?p=UBER