13,867 Shares in Rumble Inc. (NASDAQ:RUM) Acquired by Momentous Wealth Management Inc.

Momentous Wealth Management Inc. bought a new position in Rumble Inc. (NASDAQ:RUM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,867 shares of the company’s stock, valued at approximately $180,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Rumble by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 7,972,575 shares of the company’s stock worth $103,723,000 after purchasing an additional 229,294 shares during the period. Geode Capital Management LLC grew its holdings in shares of Rumble by 14.5% in the third quarter. Geode Capital Management LLC now owns 1,035,718 shares of the company’s stock worth $5,553,000 after acquiring an additional 130,956 shares during the period. Raymond James Financial Inc. purchased a new stake in Rumble during the fourth quarter valued at $468,000. MML Investors Services LLC bought a new position in Rumble in the third quarter valued at about $185,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Rumble during the 3rd quarter valued at about $184,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Rumble Stock Up 3.5 %

RUM stock opened at $8.01 on Tuesday. The business’s 50-day moving average price is $10.52 and its 200-day moving average price is $8.47. The stock has a market cap of $3.12 billion, a P/E ratio of -12.71 and a beta of 0.56. Rumble Inc. has a twelve month low of $4.92 and a twelve month high of $17.38.

Insiders Place Their Bets

In related news, CFO Brandon Alexandroff sold 6,828,420 shares of the 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 $51,213,150.00. Following the completion of the transaction, the chief financial officer now directly owns 64,210 shares of the company’s stock, valued at approximately $481,575. This represents a 99.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ryan Milnes sold 24,978,210 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $187,336,575.00. Following the completion of the sale, the director now owns 57,290 shares of the company’s stock, valued at $429,675. This trade represents a 99.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,104,017 shares of company stock worth $308,280,128 over the last three months. 70.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, 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 for the company.

Rumble 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.