Root (ROOT) Shares Outstanding (Diluted Average) : 14.6 Mil (As of Mar. 2024)

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What is Root Shares Outstanding (Diluted Average)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Root's average diluted shares outstanding for the quarter that ended in Mar. 2024 was 14.6 Mil.

Root Shares Outstanding (Diluted Average) Historical Data

The historical data trend for Root's Shares Outstanding (Diluted Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Root Shares Outstanding (Diluted Average) Chart

Root Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Shares Outstanding (Diluted Average)

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11.37

4.20

13.80

14.10

14.40

Root Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Shares Outstanding (Diluted Average)	Get a 7-Day Free Trial															14.20	14.40	14.50	14.40	14.60

Root Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

Root (NAS:ROOT) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Root Shares Outstanding (Diluted Average) Related Terms

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Root (ROOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Root Inc (NAS:ROOT) » Definitions » Shares Outstanding (Diluted Average)

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 E. Rich Street, Suite 500, Columbus, OH, USA, 43215

Website

https://ir.joinroot.com

Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. The company is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. It generates revenue from the sale of auto insurance policies within the United States.

Executives

Jonathan Allison	officer: Chief Administrative Officer	ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Donna Dorsey	director	ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Mahtiyar Bonakdarpour	officer: Chief Technology Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Meyer Malka	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Bullfrog Capital, L.p.	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Bullfrog Capital Gp, Ltd.	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Julie Szudarek	director	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Robert H. Bateman	officer: Chief Financial Officer	ONE HARTFORD PLAZA, HARTFORD CT 06155
Daniel H Rosenthal	director, officer: Chief Financial Officer	C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS OH 43215
Beth A Birnbaum	director	C/O 111 RIVER STREET, HOBOKEN NJ 07030
Lawrence A. Hilsheimer	director	425 WINTER ROAD, DELAWARE OH 43015
Hemal Shah	officer: Chief Product Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Carvana Co.	10 percent owner	300 E. RIO SALADO PARKWAY, TEMPE AZ 85281
Carvana Group, Llc	10 percent owner	1930 W. RIO SALADO PKWY, TEMPE AZ 85281
Anirban Kundu	officer: Chief Technology Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215