Brandon Alexandroff Sells 900,000 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUMGet Free Report) CFO Brandon Alexandroff sold 900,000 shares of Rumble stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.00, for a total value of $6,300,000.00. Following the transaction, the chief financial officer now directly owns 31,776 shares in the company, valued at $222,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rumble Price Performance

NASDAQ RUM opened at $7.32 on Wednesday. The stock’s 50 day moving average is $7.20 and its 200 day moving average is $5.64. Rumble Inc. has a 12 month low of $3.33 and a 12 month high of $11.25.

Rumble (NASDAQ:RUMGet Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $20.39 million for the quarter, compared to analysts’ expectations of $28.13 million. During the same period in the previous year, the firm earned ($0.06) EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Rumble Inc. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Rumble in a research report on Thursday, March 28th.

Get Our Latest Analysis on RUM

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Rumble by 12.7% in the 2nd quarter. BlackRock Inc. now owns 1,738,498 shares of the company’s stock worth $15,507,000 after purchasing an additional 196,564 shares in the last quarter. State Street Corp lifted its holdings in Rumble by 236.7% in the 2nd quarter. State Street Corp now owns 946,213 shares of the company’s stock worth $8,440,000 after purchasing an additional 665,213 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Rumble by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 916,879 shares of the company’s stock worth $8,179,000 after purchasing an additional 16,778 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Rumble in the 3rd quarter worth approximately $5,042,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rumble during the 1st quarter worth approximately $5,040,000. 26.15% of the stock is owned by hedge funds and other institutional investors.

About Rumble

(Get Free Report)

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates, a 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. It also operates, a subscription platform for creators and subscribers to engage through VOD, podcasts, live chat, polls, and community discussions; and Rumble Advertising Center (RAC), an online advertising management exchange.

Further Reading

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