Chief Information Officer Einar Roosileht sells 150,000 shares of Rush Street …

Einar Roosileht, Chief Information Officer of Rush Street Interactive Inc (NYSE:RSI), sold 150,000 shares of the company on August 27, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 809,260 shares of Rush Street Interactive Inc.

Rush Street Interactive Inc. is an online casino and sports betting company in the United States. The company offers a range of casino gaming services, including slots, table games, and live dealer games, as well as sports betting services for various sports.

Over the past year, Einar Roosileht has sold a total of 150,000 shares and purchased no shares. Rush Street Interactive Inc’s insider transaction history shows a trend of more sales than purchases among insiders, with 18 insider sales and no insider purchases during the same period.

On the day of the sale, Rush Street Interactive Inc. shares were trading at $9.09, giving the company a market capitalization of $759.608 million. According to GF Value, an estimate of intrinsic value from GuruFocus, the stock is currently significantly overvalued with a price-to-GF Value ratio of 1.45. The GF Value of $6.26 is calculated using historical multiples such as price-to-earnings, price-to-sales, price-to-book, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth and future business performance estimates from Morningstar analysts.

This insider sale may be of interest to investors who track insider behavior and evaluate Rush Street Interactive Inc.’s valuation metrics.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.