Rumble Inc. (NASDAQ:RUM) Director Sells $239,750.00 in Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 35,000 shares of Rumble stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $6.85, for a total value of $239,750.00. Following the transaction, the director now owns 15,208,902 shares of the company’s stock, valued at approximately $104,180,978.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Robert Arsov also recently made the following trade(s):

• On Wednesday, May 1st, Robert Arsov sold 35,012 shares of Rumble stock. The stock was sold at an average price of $6.70, for a total value of $234,580.40.
• On Thursday, April 4th, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.72, for a total value of $235,200.00.
• On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The stock was sold at an average price of $7.21, for a total transaction of $288,400.00.

Rumble Stock Up 2.9 %

Shares of Rumble stock opened at $6.98 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of -12.25 and a beta of 0.88. The business has a 50-day moving average price of $7.01 and a 200 day moving average price of $5.86. Rumble Inc. has a twelve month low of $3.33 and a twelve month high of $11.25.

Rumble (NASDAQ:RUM) last announced its 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 firm had revenue of $20.39 million for the quarter, compared to analyst estimates of $28.13 million. Rumble had a negative return on equity of 38.52% and a negative net margin of 143.79%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. On average, sell-side analysts expect that Rumble Inc. will post -0.64 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new position in shares of Rumble during the fourth quarter valued at approximately $32,000. Principal Securities Inc. acquired a new position in Rumble in the 4th quarter valued at $32,000. Global Retirement Partners LLC lifted its holdings in Rumble by 1,100.0% in the 1st quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock valued at $48,000 after purchasing an additional 5,500 shares in the last quarter. Solano Wealth Management Inc. acquired a new stake in Rumble during the 3rd quarter worth $51,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Rumble by 1,270.0% during the first quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock worth $55,000 after buying an additional 6,350 shares in the last quarter. 26.15% of the stock is owned by hedge funds and other institutional investors.

Rumble Company Profile

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.