Flutter Entertainment director Lennon Carolan sells $105,655 in shares
Investing.com
Published Jun 06, 2025 07:21AM ET
In a recent transaction involving Flutter Entertainment plc (LSE:FLUT), a $43.19 billion gaming company with strong financial health according to InvestingPro analysis, Director Lennon Carolan sold 430 ordinary shares on June 4, 2025. The shares were sold at a price of $245.71 each, amounting to a total of $105,655. Following this transaction, Carolan holds 769 shares in the company.
The sale was conducted to cover tax withholding liabilities associated with the vesting and settlement of restricted stock units. This routine transaction was reported in a Form 4 filing with the U.S. Securities and Exchange Commission.
In other recent news, Flutter Entertainment has issued $1 billion in senior secured notes, as well as increased its term B loans by $750 million. These financial moves are aimed at repaying amounts under a previous Bridge Credit Agreement used for acquiring Snaitech S.p.A. and covering general corporate expenses. Additionally, Flutter Entertainment disclosed an update on its total voting rights, ensuring transparency and compliance with regulatory obligations. In analyst activity, Citizens JMP reiterated their Market Outperform rating for Flutter, maintaining a $301 price target, while Bernstein SocGen Group initiated coverage with a Market Perform rating and a $275 price target. Citi analysts reaffirmed a Buy rating amid Illinois' new tax on online sports betting, which could impact Flutter's U.S. adjusted EBITDA by 6% in fiscal year 2025. The analysts noted that Flutter has historically mitigated about 50% of such tax impacts. These developments reflect Flutter's ongoing strategic financial management and market positioning.
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Written By: Investing.com
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