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

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.69, for a total value of $156,475.00. Following the sale, 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 SEC, which is accessible through the SEC website.

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

• On Friday, November 1st, Robert Arsov sold 27,500 shares of Rumble stock. The stock was 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 shares were 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 stock was 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 value of $153,175.00.

Rumble Price Performance

Rumble stock traded up $0.18 during trading hours on Tuesday, hitting $5.95. 2,731,511 shares of the stock traded hands, compared to its average volume of 3,017,758. Rumble Inc. has a 1 year low of $3.33 and a 1 year high of $9.20. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -9.50 and a beta of 0.72. The firm’s 50 day moving average price is $5.54 and its 200-day moving average price 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 business had revenue of $22.47 million for the quarter, compared to analyst estimates of $19.69 million. Rumble had a negative return on equity of 54.31% and a negative net margin of 163.37%. Research analysts forecast that Rumble Inc. will post -0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Rumble

Several hedge funds have recently modified their holdings of the stock. Redwood Wealth Management Group LLC purchased a new position in Rumble during the second quarter worth approximately $30,000. Bank of New York Mellon Corp purchased a new stake in shares of Rumble during the second quarter valued at $66,000. SG Americas Securities LLC acquired a new stake in shares of Rumble during the second quarter worth approximately $67,000. Coppell Advisory Solutions Corp. acquired a new position in Rumble in the first quarter worth approximately $81,000. Finally, Solano Wealth Management Inc. acquired a new stake in Rumble in the 2nd quarter worth approximately $83,000. 26.15% of the stock is owned by institutional investors and hedge funds.

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.