The Dart purchase is a strong bullish signal from a sophisticated 10% owner who is adding aggressively post-earnings dip. The cluster of C-suite and director buys reinforces confidence despite the guidance cut. Monitor for further insider accumulation; the stock may find support near the $92-94 level where multiple buys clustered.
Price Chart
Executive Summary
A massive $68.5M open-market purchase by 10% owner Kenneth Dart dominates this insider cluster, alongside smaller buys from the CEO, COO, President, CLO, and multiple directors. This follows Flutter's Q1 earnings (revenue +17% YoY, EPS beat by 41%) but also a lowered FY2026 EBITDA guidance midpoint. The Dart purchase alone represents ~0.41% of market cap, a significant vote of confidence that likely overshadows routine small sales by the CEO and CFO for tax withholding.
Key Financial Metrics
Key Facts
- 10% owner Kenneth Dart purchased 700,000 shares for $68.46M on May 12, the largest single insider buy in the cluster.
- Total open-market purchases across the cluster: ~$69.1M, representing ~0.42% of Flutter's $16.6B market cap.
- CEO Jackson purchased 2,400 shares ($245K) on May 8, then sold 3,084 shares ($303K) on May 11 — likely a tax-related netting transaction.
- CFO Coldrake sold only 129 shares ($13K), a trivial amount consistent with tax withholding.
- The cluster follows Q1 earnings (May 6) where GAAP EPS of $1.23 beat consensus by 41%, though FY2026 adjusted EBITDA guidance was lowered from $2.97B to $2.865B.
- All cross-filing context pairs are AMPLIFIERS, supporting an elevated impact score.
Financial Impact
Insider purchases total ~$69.1M, or 0.42% of market cap. The Dart purchase alone is $68.5M.
Risk Factors
- FY2026 adjusted EBITDA guidance was lowered, suggesting near-term headwinds from sports results and investment spend.
- CEO Jackson's simultaneous buy and sell creates ambiguity — the net effect is a small reduction in his stake.
- Historical calibration shows negative average T+20 alpha (-3.37%) for prior FLUT reports, though none had a comparable insider buying cluster.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FLUT-1778793144351 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 11d ago | ANALYST-DOWNGRADE | $86.86 $76.63 | ▲ +11.78% | ▲ +11.50% | $74.81 (+13.87%) |
Sep 3, 2026 29d ago | Insider Cluster | $102.34 $100.56 | ▼ −1.74% | ▼ −0.59% | $74.81 (−26.90%) |
Sep 3, 2026 29d ago | Insider Cluster | $102.34 $100.56 | ▼ −1.74% | ▼ −0.59% | $74.81 (−26.90%) |
Sep 2, 2026 4w ago | ANALYST-UPGRADE | $101.98 $98.68 | ▼ −3.24% | ▼ −2.28% | $74.81 (−26.64%) |
Aug 20, 2026 6w ago | Insider Cluster | $99.57 $95.01 | ▼ −4.58% | ▼ −5.69% | $74.81 (−24.87%) |
Aug 12, 2026 7w ago | ANALYST-UPGRADE | $98.08 $99.16 | ▲ +1.10% | ▲ +1.55% | $74.81 (−23.73%) |
Aug 7, 2026 8w ago | ANALYST-UPGRADE | $94.74 $101.41 | ▲ +7.04% | ▲ +6.64% | $74.81 (−21.04%) |
Aug 5, 2026 8w ago | 8-K | $92.91 $98.08 | ▼ −5.56% | ▼ −5.21% | $74.81 (+19.48%) |
Aug 5, 2026 8w ago | 8-K | $92.91 $98.08 | ▲ +5.56% | ▲ +5.21% | $74.81 (−19.48%) |
Aug 5, 2026 8w ago | Press Release | $92.91 $98.08 | ▼ −5.56% | ▼ −5.21% | $74.81 (+19.48%) |
US Market Status
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