Rumble (RUM) Projected to Post Earnings on Wednesday

Rumble (NASDAQ:RUM) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Rumble to post earnings of ($0.13) per share for the quarter.

Rumble Trading Up 3.5 %

RUM stock opened at $8.01 on Tuesday. The stock has a 50-day moving average price of $10.52 and a two-hundred day moving average price of $8.47. Rumble has a 1 year low of $4.92 and a 1 year high of $17.38. The stock has a market cap of $3.12 billion, a PE ratio of -12.71 and a beta of 0.56.

Insider Buying and Selling

In related news, Director Ryan Milnes sold 24,978,210 shares of the company’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 sale, the director now owns 57,290 shares in the company, valued at approximately $429,675. This represents a 99.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brandon Alexandroff sold 6,828,420 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $51,213,150.00. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,104,017 shares of company stock worth $308,280,128. 70.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Maxim Group started coverage on Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price objective for the company.

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.