Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 27,500 Shares

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $5.83, for a total value of $160,325.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 4th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.69, for a total value of $156,475.00.
• 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 Trading Up 3.1 %

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

Rumble (NASDAQ:RUM) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $22.47 million for the quarter, compared to the consensus estimate of $19.69 million. Rumble had a negative return on equity of 54.31% and a negative net margin of 163.37%. On average, analysts predict that Rumble Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Rumble

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Rumble by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 106,699 shares of the company’s stock worth $862,000 after purchasing an additional 27,289 shares during the period. RIA Advisory Group LLC purchased a new stake in shares of Rumble during the first quarter valued at $190,000. Avantax Advisory Services Inc. purchased a new stake in shares of Rumble during the first quarter valued at $335,000. Bayesian Capital Management LP purchased a new stake in shares of Rumble during the first quarter valued at $256,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Rumble in the 1st quarter valued at approximately $81,000. Institutional investors own 26.15% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a “neutral” rating and set a $8.00 target price on shares of Rumble in a research report on Tuesday, August 13th.

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.