Robert Arsov Sells 30,000 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUMGet Free Report) Director Robert Arsov sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $6.11, for a total value of $183,300.00. Following the completion of the transaction, the director now directly owns 15,143,902 shares of the company’s stock, valued at approximately $92,529,241.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, May 6th, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.91, for a total value of $241,850.00.
  • On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.85, for a total value of $239,750.00.
  • On Wednesday, May 1st, Robert Arsov sold 35,012 shares of Rumble stock. The shares were 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 stock was 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 value of $288,400.00.

Rumble Trading Down 0.3 %

Shares of RUM opened at $6.13 on Friday. Rumble Inc. has a 1 year low of $3.33 and a 1 year high of $11.25. The stock has a 50 day simple moving average of $6.73 and a 200-day simple moving average of $6.17. The stock has a market cap of $2.38 billion, a PE ratio of -9.58 and a beta of 0.81.

Rumble (NASDAQ:RUMGet Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. Rumble had a negative return on equity of 46.51% and a negative net margin of 161.62%. The business had revenue of $17.73 million during the quarter, compared to analysts’ expectations of $18.27 million. During the same period in the prior year, the firm posted ($0.10) EPS. On average, sell-side analysts forecast that Rumble Inc. will post -0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on RUM

Institutional Investors Weigh In On Rumble

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

About Rumble

(Get Free Report)

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.

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