Rumble Inc. (NASDAQ:RUM) Director Sells $156,475.00 in Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $5.69, for a total value of $156,475.00. Following the completion of the transaction, the director now directly owns 12,577,337 shares in the company, valued at $71,565,047.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.83, for a total value of $160,325.00.
• On Thursday, October 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.12, for a total transaction of $140,800.00.
• On Tuesday, October 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.24, for a total transaction of $144,100.00.
• On Thursday, September 5th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.59, for a total value of $153,725.00.
• On Tuesday, September 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.57, for a total transaction of $153,175.00.

Rumble Trading Up 3.1 %

Rumble stock traded up $0.18 during trading on Tuesday, reaching $5.95. The company had a trading volume of 2,731,511 shares, compared to its average volume of 3,017,758. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -9.50 and a beta of 0.72. Rumble Inc. has a 52 week low of $3.33 and a 52 week high of $9.20. The firm’s 50-day simple moving average is $5.54 and its 200 day simple moving average is $6.02.

Rumble (NASDAQ:RUM) last announced its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The company had revenue of $22.47 million for the quarter, compared to the consensus estimate of $19.69 million. Rumble had a negative net margin of 163.37% and a negative return on equity of 54.31%. On average, analysts predict that Rumble Inc. will post -0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and issued a $8.00 price objective on shares of Rumble in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Empirical Capital Management LLC acquired a new stake in shares of Rumble in the first quarter valued at $1,584,000. Cambridge Investment Research Advisors Inc. lifted its stake in Rumble by 5.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 175,927 shares of the company’s stock worth $976,000 after acquiring an additional 8,824 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Rumble by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 106,699 shares of the company’s stock valued at $862,000 after buying an additional 27,289 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Rumble in the 1st quarter valued at about $339,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Rumble during the 1st quarter worth approximately $335,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

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.