Have Rush Street Interactive Insiders Been Selling Stock?

Some Rush Street Interactive, Inc. (NYSE:RSI) shareholders may be a little concerned to see that insider Gregory Carlin recently sold a substantial US$3.2m worth of stock at a price of US$11.11 per share. That's a big disposal, and it decreased their holding size by 13%, which is notable but not too bad.

Check out our latest analysis for Rush Street Interactive

The Last 12 Months Of Insider Transactions At Rush Street Interactive

Notably, that recent sale by Gregory Carlin is the biggest insider sale of Rush Street Interactive shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$11.02. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Rush Street Interactive insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Rush Street Interactive insiders own 2.4% of the company, worth about US$61m. 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?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Rush Street Interactive. Case in point: We've spotted 1 warning sign for Rush Street Interactive you should be aware of.

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.