We'd be surprised if Rush Street Interactive, Inc. (NYSE:RSI) shareholders haven't noticed that the President & CFO, Kyle Sauers, recently sold US$276k worth of stock at US$12.00 per share. On the bright side, that sale was only 6.4% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At Rush Street Interactive
The Independent Director, Daniel Yih, made the biggest insider sale in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$20.14 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$12.28. So it is hard to draw any strong conclusion from it.
Over the last year, we can see that insiders have bought 11.50k shares worth US$147k. But insiders sold 73.00k shares worth US$1.3m. In total, Rush Street Interactive insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Rush Street Interactive
I will like Rush Street Interactive better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.8% of Rush Street Interactive shares, worth about US$21m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Rush Street Interactive Insiders?
The insider sales have outweighed the insider buying, at Rush Street Interactive, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that Rush Street Interactive is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for Rush Street Interactive and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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