Rumble Inc. (NASDAQ:RUM) Director Sells $241,850.00 in Stock

Rumble Inc. (NASDAQ:RUM - Get Free Report) Director Robert Arsov sold 35,000 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $6.91, for a total value of $241,850.00. Following the completion of the transaction, the director now directly owns 15,173,902 shares in the company, valued at approximately $104,851,662.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.85, for a total value of $239,750.00.
• On Wednesday, May 1st, Robert Arsov sold 35,012 shares of Rumble stock. The stock was sold at an average price of $6.70, for a total value of $234,580.40.
• On Thursday, April 4th, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.72, for a total value of $235,200.00.
• On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The stock was sold at an average price of $7.21, for a total value of $288,400.00.

Rumble Stock Down 0.4 %

Shares of NASDAQ RUM traded down $0.03 during trading hours on Tuesday, hitting $6.85. 1,009,356 shares of the stock were exchanged, compared to its average volume of 5,226,139. The company has a market cap of $2.64 billion, a PE ratio of -12.02 and a beta of 0.88. Rumble Inc. has a 12 month low of $3.33 and a 12 month high of $11.25. The firm has a fifty day moving average price of $7.01 and a 200-day moving average price of $5.89.

Rumble (NASDAQ:RUM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.08. Rumble had a negative return on equity of 38.52% and a negative net margin of 143.79%. The firm had revenue of $20.39 million during the quarter, compared to analyst estimates of $28.13 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Rumble Inc. will post -0.64 earnings per share for the current fiscal year.

Institutional Trading of Rumble

A number of institutional investors have recently bought and sold shares of RUM. HighPoint Advisor Group LLC acquired a new stake in shares of Rumble during the fourth quarter worth about $499,000. Janney Montgomery Scott LLC lifted its stake in Rumble by 69.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 109,126 shares of the company's stock valued at $557,000 after acquiring an additional 44,863 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Rumble by 15.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,025 shares of the company's stock valued at $252,000 after acquiring an additional 7,647 shares during the period. PFG Advisors lifted its stake in Rumble by 75.4% during the 4th quarter. PFG Advisors now owns 54,771 shares of the company's stock valued at $246,000 after acquiring an additional 23,540 shares during the period. Finally, IPG Investment Advisors LLC acquired a new stake in Rumble during the 3rd quarter valued at approximately $231,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Oppenheimer reiterated a "market perform" rating on shares of Rumble in a report on Thursday, March 28th.

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.