Flutter Entertainment (NYSE:FLUT) Stock: Insider Robert Coldrake Sells 991 Shares

Key Points

• CFO Robert Coldrake sold 991 shares for about $81,600, a 3.98% reduction in his holdings; the sale covered tax withholding tied to vested equity awards.
• Flutter missed quarterly earnings and revenue estimates, while reports said it lowered its 2026 outlook amid football results, tax changes and Brazil-related challenges.
• FanDuel’s betting handle rose 13%, and Flutter is targeting an additional $500 million in cost savings by 2029 to help address earnings pressure.

Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) CFO Robert Coldrake sold 991 shares of the firm's stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $82.34, for a total transaction of $81,598.94. Following the completion of the transaction, the chief financial officer directly owned 23,888 shares in the company, valued at approximately $1,966,937.92. The trade was a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Robert Coldrake also recently made the following trade(s):

• On Tuesday, September 1st, Robert Coldrake sold 710 shares of Flutter Entertainment stock. The shares were sold at an average price of $97.86, for a total value of $69,480.60.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $81.53 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49. The stock's fifty day simple moving average is $85.47 and its two-hundred day simple moving average is $104.88. Flutter Entertainment PLC has a 1-year low of $72.56 and a 1-year high of $235.77. The stock has a market cap of $14.18 billion, a PE ratio of -15.41 and a beta of 1.27.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.50). Flutter Entertainment had a positive return on equity of 4.38% and a negative net margin of 5.37%. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.99 billion. During the same quarter last year, the firm posted $1.64 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Flutter Entertainment PLC will post 3.05 EPS for the current fiscal year.

Key Headlines Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
• Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
• Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil's betting ban hit Flutter Entertainment
• Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending

Institutional Trading of Flutter Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Parvus Asset Management Jersey Ltd bought a new position in Flutter Entertainment in the 2nd quarter worth approximately $1,552,097,267. Hsbc Holdings PLC grew its stake in Flutter Entertainment by 33,988.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company's stock valued at $575,185,000 after buying an additional 5,589,099 shares in the last quarter. Amundi grew its stake in Flutter Entertainment by 463.7% in the 1st quarter. Amundi now owns 2,059,906 shares of the company's stock valued at $210,007,000 after buying an additional 1,694,474 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Flutter Entertainment during the 1st quarter valued at $40,562,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Flutter Entertainment during the 2nd quarter valued at $9,881,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FLUT shares. Wedbush cut their price target on shares of Flutter Entertainment from $126.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, October 8th. Oppenheimer decreased their price objective on shares of Flutter Entertainment from $120.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, November 2nd. Needham & Company LLC lowered their price objective on shares of Flutter Entertainment from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Flutter Entertainment from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup upgraded shares of Flutter Entertainment from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $93.00 to $91.00 in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $131.07.

Flutter Entertainment Company Profile

Flutter Entertainment is a global sports betting and gaming company that provides online and retail wagering, casino gaming and poker services. Its brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sportsbet in Australia, and PokerStars in international markets.

The company serves customers across the United States, the United Kingdom and Ireland, Australia, and other international markets. Its offerings include online sports betting, iGaming products such as casino games, poker platforms, and, in some markets, betting shops.

Flutter was formed in 2016 through the merger of Paddy Power and Betfair and adopted the Flutter Entertainment name in 2019.

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