FLUT Flutter Entertainment plc
Price Chart
Executive Summary
Flutter Entertainment insiders executed a mixed cluster of 15 trades over 7 days, with open-market purchases totaling ~$845K by 6 insiders (including CEO, COO, President, and directors) and open-market sales totaling ~$433K by 3 insiders (CEO, CLO, CFO). The cluster follows Flutter's Q1 2026 earnings release (May 6) which showed a 17% revenue beat but a 38% net income decline and lowered full-year guidance. The net direction is mixed, but the concentration of C-suite and director buying at prices near $92-$102 (post-earnings dip) suggests confidence in the business despite the guidance cut, while CEO and CLO sales are partially offset by derivative exercises and tax withholding.
Key Financial Metrics
Actionable Insight
The cluster is dominated by non-cash derivative exercises and small open-market trades — total cash value is trivial relative to market cap. The buying by CEO, COO, President, and multiple directors post-earnings dip is a modest positive signal, but the CEO's concurrent sale (cashless exercise) and the CLO's sale at a lower price ($93 vs. $102 buy prices) create mixed signals. Monitor for any 8-K filing on material developments or a secondary offering, as the cross-filing context shows amplifiers for insider trades + offering/press contexts. The historical calibration suggests score-6 calls on FLUT have only an 18% win rate — bias toward lower impact.
Key Facts
- 6 insiders made open-market purchases totaling ~$845K: CEO Jackson ($245K), President Taylor ($252K), COO Bishop ($100K), CLO Liu ($150K), Directors Bryant ($201K) and Bomhard ($51K), Director Lennon ($48K)
- 3 insiders made open-market sales totaling ~$433K: CEO Jackson ($303K), CLO Liu ($118K), CFO Coldrake ($13K)
- CEO Jackson exercised 6,538 derivative shares at $0 (non-cash) on May 11, then sold 3,084 shares on the same day — a typical cashless exercise pattern
- CFO Coldrake exercised 272 derivative shares at $0 (non-cash) on May 8, then sold 129 shares — also a cashless exercise
- Total open-market purchases ($845K) represent ~0.005% of Flutter's $16.6B market cap — well below the 0.1% materiality threshold
- Total open-market sales ($433K) represent ~0.003% of market cap — also trivial relative to company size
- Cluster occurred 2-7 days after Q1 2026 earnings (May 6) which beat EPS consensus by 41% but lowered full-year adjusted EBITDA guidance by ~$105M
Financial Impact
Total insider open-market purchases of ~$845K and sales of ~$433K, both immaterial relative to $16.6B market cap (<0.01% each)
Risk Factors
- CEO and CLO sold shares at prices below recent insider purchase prices ($93-$98 vs. $100-$102), which could indicate hedging or bearish positioning
- Full-year guidance was lowered by ~$105M in adjusted EBITDA, suggesting operational headwinds from sports results and prediction market investment
- Net income fell 38% YoY despite revenue growth — margin compression is a concern
- Historical calibration shows FLUT filing reports have a negative average T+20 alpha of -3.37% and score-6 calls win only 18% of the time
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FLUT-1778769851232 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
4d ago
|
Insider Cluster
| $100.54 awaiting T+1 | awaiting T+1 | — | $104.95 (+4.39%) |
|
Jun 2, 2026
7d ago
|
144
| $101.99 $100.70 | ▼ −1.26% | ▼ −0.57% | $104.95 (+2.90%) |
|
Jun 1, 2026
8d ago
|
8-K
| $104.31 $101.99 | ▼ −2.22% | ▼ −2.37% | $104.95 (+0.61%) |
|
May 29, 2026
11d ago
|
Insider Cluster
| $104.31 $101.99 | ▼ −2.22% | ▼ −2.37% | $104.95 (+0.61%) |
|
May 29, 2026
11d ago
|
Press Release
| $96.98 $104.31 | ▲ +7.56% | ▲ +7.28% | $104.95 (+8.22%) |
|
May 29, 2026
11d ago
|
3
| $96.98 $104.31 | ▲ +7.56% | ▲ +7.28% | $104.95 (+8.22%) |
|
May 29, 2026
11d ago
|
3
| $96.98 $104.31 | ▲ +7.56% | ▲ +7.28% | $104.95 (+8.22%) |
|
May 29, 2026
11d ago
|
Insider Cluster
| $96.98 $104.31 | ▲ +7.56% | ▲ +7.28% | $104.95 (+8.22%) |
|
May 28, 2026
12d ago
|
144
| $95.58 $96.98 | ▲ +1.46% | ▲ +1.23% | $104.95 (+9.80%) |
|
May 28, 2026
12d ago
|
144
| $95.58 $96.98 | ▲ +1.46% | ▲ +1.23% | $104.95 (+9.80%) |
US Market Status
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