7,158 Shares in Rumble Inc. (NASDAQ:RUM) Purchased by Signaturefd LLC

Signaturefd LLC purchased a new position in shares of Rumble Inc. (NASDAQ:RUM) during the fourth quarter, Holdings Channel reports. The firm purchased 7,158 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RUM. Mirae Asset Global Investments Co. Ltd. raised its stake in Rumble by 5.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,378 shares of the company’s stock worth $247,000 after purchasing an additional 2,413 shares during the period. Bank of New York Mellon Corp raised its stake in Rumble by 7.9% during the third quarter. Bank of New York Mellon Corp now owns 35,392 shares of the company’s stock worth $181,000 after purchasing an additional 2,581 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Rumble by 20.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,504 shares of the company’s stock worth $89,000 after purchasing an additional 2,977 shares during the period. Resolute Advisors LLC raised its stake in Rumble by 18.2% during the third quarter. Resolute Advisors LLC now owns 26,000 shares of the company’s stock worth $133,000 after purchasing an additional 4,000 shares during the period. Finally, Sigma Planning Corp raised its stake in Rumble by 26.8% during the third quarter. Sigma Planning Corp now owns 24,341 shares of the company’s stock worth $124,000 after purchasing an additional 5,150 shares during the period. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Wojciech Hlibowicki sold 275,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $7.20, for a total value of $1,980,000.00. Following the sale, the chief technology officer now directly owns 31,776 shares of the company’s stock, valued at approximately $228,787.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Wojciech Hlibowicki sold 275,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $7.20, for a total transaction of $1,980,000.00. Following the sale, the chief technology officer now directly owns 31,776 shares of the company’s stock, valued at approximately $228,787.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Arsov sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $7.21, for a total transaction of $288,400.00. Following the sale, the director now directly owns 15,423,914 shares in the company, valued at $111,206,419.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,753,908 shares of company stock valued at $12,295,560. Company insiders own 72.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Rumble in a research note on Thursday, March 28th.

Rumble Price Performance

Shares of RUM stock opened at $6.98 on Friday. The firm’s 50-day moving average is $7.00 and its two-hundred day moving average is $5.84. Rumble Inc. has a 12 month low of $3.33 and a 12 month high of $11.25. The company has a market capitalization of $2.69 billion, a PE ratio of -12.25 and a beta of 0.88.

Rumble (NASDAQ:RUM) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.08. The business had revenue of $20.39 million for the quarter, compared to the consensus estimate of $28.13 million. Rumble had a negative net margin of 143.79% and a negative return on equity of 38.52%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Sell-side analysts forecast that Rumble Inc. will post -0.64 EPS for the current year.

About Rumble

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.