Cwm LLC Buys 2,244 Shares of Rumble Inc. (NASDAQ:RUM)

Cwm LLC lifted its position in Rumble Inc. (NASDAQ:RUM) by 104.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,395 shares of the company’s stock after purchasing an additional 2,244 shares during the period. Cwm LLC’s holdings in Rumble were worth $31,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its position in Rumble by 9,234.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,351,803 shares of the company’s stock valued at $17,587,000 after purchasing an additional 1,337,321 shares during the last quarter. Millennium Management LLC increased its stake in shares of Rumble by 287.7% during the fourth quarter. Millennium Management LLC now owns 781,747 shares of the company’s stock valued at $10,171,000 after buying an additional 580,105 shares during the period. Two Sigma Investments LP purchased a new position in shares of Rumble during the fourth quarter valued at approximately $4,093,000. Balyasny Asset Management L.P. bought a new position in shares of Rumble during the fourth quarter valued at approximately $3,966,000. Finally, Centiva Capital LP purchased a new stake in Rumble in the fourth quarter worth $3,304,000. Institutional investors own 26.15% of the company’s stock.

Rumble Stock Performance

RUM stock opened at $8.38 on Tuesday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -5.82 and a beta of 0.72. The business’s 50-day moving average is $9.05 and its two-hundred day moving average is $9.21. Rumble Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $17.40.

Wall Street Analysts Forecast Growth

Separately, Wedbush set a $8.00 target price on Rumble and gave the company a “neutral” rating in a research note on Tuesday, April 15th.

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.