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Rush Street Interactive, Inc. NASDAQ:RSI Chief Information Officer Einar Roosileht sold 70,000 shares of Class A Common Stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $18.9512, realizing proceeds of $1.3 million. The sale comes as RSI stock has surged 27% in the past week, trading near its 52-week high of $20.32.
The sales occurred in multiple transactions at prices ranging from $18.25 to $19.35. These sales were executed under a pre-arranged 10b5-1 trading plan established on September 27, 2024. According to InvestingPro analysis, the stock is currently trading at a P/E ratio of 69.6x, suggesting rich valuation levels.
On the same day, Roosileht also converted 70,000 Class A Common Units of Rush Street Interactive, L.P. into 70,000 shares of Class A Common Stock. In addition, 70,000 shares of Class V Voting Stock were canceled.
Following these transactions, Roosileht directly owns 876,150 shares of Class A Common Stock and 2,254,157 shares of Class V Voting Stock.
In other recent news, Rush Street Interactive reported its second-quarter 2025 earnings, significantly surpassing market expectations. The company achieved an earnings per share of $0.11, which was 83.33% higher than the forecasted $0.06. Revenue for the quarter reached $269 million, exceeding the anticipated $249.65 million and marking a 7.83% surprise. Following these strong results, Needham raised its price target for Rush Street Interactive from $17 to $21, maintaining a Buy rating on the stock. Additionally, the company increased its full-year 2025 guidance, further boosting investor confidence. These developments highlight Rush Street Interactive’s robust performance and positive outlook according to analysts.
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