# Sportradar Group AG (SRAD)

> Source: Nexqual · https://nexqual.com/SRAD · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Sportradar Group AG (SRAD), nexqual.com/SRAD" · informational, not investment advice.

**Price:** USD 12.3 (+0.57% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 12.3 · day 12.14–12.57 · 52w 11.39–26.56 · market cap null · NMS

## Key facts
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $47K; 1 not under a Rule 10b5-1 plan ($25K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 9 Form 4 filings, $11.3M; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y -53.0% vs S&P 500 +13.6%; 5Y -41.1% vs S&P 500 +79.8%.
- Next earnings: 2026-11-03, EPS estimate USD 0.1, revenue estimate $358M.

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Miller Michael Connolly | Chief Legal Officer | 1,840 | $22K | 2.7% | Yes (adopted June 15, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-10 | Miller Michael Connolly | Chief Legal Officer | 1,500 | $25K | 2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
9 purchases, $11.3M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-06 | Koerl Carsten | Chief Executive Officer | 157,801 | $2.1M | 13.49 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04…2026-05-05 | Koerl Carsten | Chief Executive Officer | 340,000 | $4.6M | 13.39 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30…2026-05-01 | Koerl Carsten | Chief Executive Officer | 254,100 | $3.3M | 13.16 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Walder Marc | Director | 66,000 | $843K | 12.77 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Yabuki Jeffery W | Director | 10,000 | $129K | 12.94 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Ramanathan Rajani | Director | 8,003 | $100K | 12.49 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Kurtz William | Director | 8,000 | $104K | 12.97 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Fleet George | Director | 7,850 | $100K | 12.73 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Bigley Deirdre Mary | Director | 3,940 | $50K | 12.57 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-26 | Stifel | Target lowered | Buy | $18 → $17 |
| 2026-10-23 | Canaccord Genuity | Target lowered | Buy | $24 → $22 |
| 2026-10-20 | JP Morgan | Target lowered | Neutral | $15 → $13 |
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $15 → $13.5 |
| 2026-10-07 | Macquarie | Target lowered | Outperform | $20 → $19 |
| 2026-09-02 | Wolfe Research | Initiated | Outperform | $22 |
| 2026-08-05 | UBS | Downgrade | Buy → Neutral | $30 → $16 |
| 2026-08-04 | Macquarie | Target lowered | Outperform | $24 → $20 |
| 2026-08-04 | Truist Securities | Target lowered | Buy | $18 → $16 |
| 2026-08-04 | JP Morgan | Target lowered | Neutral | $17 → $15 |
| 2026-08-04 | Citigroup | Target lowered | Buy | $23 → $20 |
| 2026-08-04 | Guggenheim | Target lowered | Buy | $28 → $26 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -53.0% | -41.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -53.1% | -10.0% |
| Volatility (annualized) | 56.4% | 50.2% |
| Max drawdown | -55.8% (Oct 2025→Sep 2026) | -63.6% (Nov 2021→Jul 2022) |

## Peers
GENI (Genius Sports Limited) USD 6.35 +0.47% · YMM (Full Truck Alliance Co. Ltd.) USD 8.08 -4.04% · SGHC (Super Group (SGHC) Limited) USD 10.51 -0.38% · BRZE (Braze, Inc.) USD 45.78 +0.00% · YOU (Clear Secure, Inc.) USD 45.48 -0.11%

## More
Full page: https://nexqual.com/SRAD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SRAD's own 20-F filed 2026-03-27 (https://www.sec.gov/Archives/edgar/data/1836470/000110465926035485/srad-20251231x20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "For information on risks relating specifically to our computing infrastructure, see "Risk Factors—Technology Risks—We depend on computing infrastructure operated by Amazon Web Services ("AWS"), Microsoft, Oracle and othe…" |
| Supplier | Microsoft (MSFT) | "For information on risks relating specifically to our computing infrastructure, see "Risk Factors—Technology Risks—We depend on computing infrastructure operated by Amazon Web Services ("AWS"), Microsoft, Oracle and othe…" |
| Supplier | Oracle (ORCL) | "For information on risks relating specifically to our computing infrastructure, see "Risk Factors—Technology Risks—We depend on computing infrastructure operated by Amazon Web Services ("AWS"), Microsoft, Oracle and othe…" |

Other companies that name SRAD in their own reports (relationship from SRAD's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | Super Group (SGHC) Ltd (SGHC) | 20-F 2026-04-17 | "SportRadar AG is a leading information supplier for sport related data and statistics as well as sophisticated technical solutions." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.10 | $0.18 | -44.4% | $358.3M | 2 |
| Next quarter (ends 2026-12-31) | $0.20 | $0.21 | -8.6% | $434.6M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.26 | $0.43 | -40.0% | $1.52B | 2 |
| Next fiscal year (ends 2027-12-31) | $0.39 | $0.69 | -43.5% | $1.68B | 1 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.04 | $0.07 | Miss −42.9% | — |
| — | Quarter ended Mar 31, 2026 | −$0.01 | $0.05 | Miss −$0.06 | — |
| — | Quarter ended Dec 31, 2025 | $0.20 | $0.10 | Beat +100.0% | — |
| — | Quarter ended Sep 30, 2025 | $0.12 | $0.07 | Beat +71.4% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-07 | 6-K | Current report (foreign issuer) · period ended Oct 5, 2026 | https://www.sec.gov/Archives/edgar/data/1836470/000110465926114201/0001104659-26-114201-index.htm |
| 2026-08-14 | Schedule 13G/A | T. Rowe Price Investment Management, Inc.: 4.6% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1836470/000189761226000614/0001897612-26-000614-index.htm |
| 2026-08-11 | Schedule 13G | Spruce House Investment Management LLC, Spruce House Capital LLC: 5.8% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1836470/000154317026000011/0001543170-26-000011-index.htm |
| 2026-08-03 | 6-K | Current report (foreign issuer) · period ended Aug 3, 2026 | https://www.sec.gov/Archives/edgar/data/1836470/000110465926089457/0001104659-26-089457-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.