Rumble Inc. (NASDAQ:RUM) Director Sells $160,325.00 in Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $5.83, for a total value of $160,325.00. Following the completion of the transaction, the director now owns 12,604,837 shares in the company, valued at $73,486,199.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 4th, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.69, for a total transaction of $156,475.00.
• 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 value 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 value 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 transaction 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 value of $153,175.00.

Rumble Stock Performance

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

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

Institutional Investors Weigh In On Rumble

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empirical Capital Management LLC bought a new position in shares of Rumble in the first quarter valued at about $1,584,000. Cambridge Investment Research Advisors Inc. raised its stake in Rumble by 5.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 175,927 shares of the company’s stock worth $976,000 after purchasing an additional 8,824 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of 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 period. Virtu Financial LLC acquired a new position in Rumble in the 1st quarter valued at $339,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Rumble during the 1st quarter worth $335,000. 26.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wedbush reissued a “neutral” rating and set a $8.00 price target on shares of Rumble in a report on Tuesday, August 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.