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 business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $6.06, for a total value of $181,800.00. Following the completion of the transaction, the director now directly owns 15,083,902 shares of the company’s stock, valued at approximately $91,408,446.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, June 3rd, Robert Arsov sold 30,000 shares of Rumble stock. The shares were sold at an average price of $6.11, for a total transaction of $183,300.00.
  • On Monday, May 6th, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.91, for a total transaction 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 transaction 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 shares were sold at an average price of $7.21, for a total value of $288,400.00.

Rumble Stock Down 1.1 %

NASDAQ RUM opened at $6.06 on Friday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -9.47 and a beta of 0.81. Rumble Inc. has a twelve month low of $3.33 and a twelve month high of $11.25. The business’s fifty day moving average is $6.69 and its 200 day moving average is $6.19.

Rumble (NASDAQ:RUMGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.15) EPS for the quarter, beating 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 firm had revenue of $17.73 million for the quarter, compared to analyst estimates of $18.27 million. During the same period last year, the firm posted ($0.10) earnings per share. On average, research analysts anticipate that Rumble Inc. will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rumble

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Rumble during the 1st quarter worth about $339,000. Empirical Capital Management LLC acquired a new position in shares of Rumble in the first quarter worth approximately $1,584,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Rumble in the first quarter worth approximately $81,000. Bayesian Capital Management LP bought a new stake in Rumble in the first quarter valued at approximately $256,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Rumble during the 1st quarter valued at approximately $335,000. 26.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on RUM

Rumble Company Profile

(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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Insider Buying and Selling by Quarter for Rumble (NASDAQ:RUM)

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