Christopher Pavlovski Sells 354,849 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUM) CEO Christopher Pavlovski sold 354,849 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $2,661,367.50. Following the transaction, the chief executive officer now owns 522,927 shares in the company, valued at $3,921,952.50. The trade was a 40.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Rumble Trading Down 8.8 %

Shares of RUM traded down $1.08 on Tuesday, reaching $11.17. 3,345,675 shares of the company’s stock were exchanged, compared to its average volume of 4,398,688. The stock has a market capitalization of $4.35 billion, a P/E ratio of -17.73 and a beta of 0.50. The business has a 50 day moving average price of $11.32 and a two-hundred day moving average price of $7.78. Rumble Inc. has a 12 month low of $4.92 and a 12 month high of $17.40.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The business had revenue of $25.06 million for the quarter, compared to the consensus estimate of $29.25 million. During the same period last year, the firm earned ($0.14) earnings per share. Equities research analysts predict that Rumble Inc. will post -0.62 EPS for the current year.

Institutional Investors Weigh In On Rumble

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Rumble by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 7,972,575 shares of the company’s stock valued at $103,723,000 after purchasing an additional 229,294 shares in the last quarter. LPL Financial LLC increased its stake in Rumble by 18.9% in the fourth quarter. LPL Financial LLC now owns 109,403 shares of the company’s stock valued at $1,423,000 after purchasing an additional 17,391 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Rumble in the fourth quarter valued at approximately $138,000. Virtu Financial LLC increased its stake in Rumble by 88.4% in the fourth quarter. Virtu Financial LLC now owns 24,589 shares of the company’s stock valued at $320,000 after purchasing an additional 11,539 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Rumble in the fourth quarter valued at approximately $468,000. Institutional investors own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

RUM has been the topic of a number of research reports. Maxim Group initiated coverage on shares of Rumble in a research report on Wednesday, January 15th. They set a “buy” rating and a $20.00 target price on the stock. Wedbush reissued a “neutral” rating and set a $8.00 price target on shares of Rumble in a research note on Wednesday, November 13th.

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.