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

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

Rumble Price Performance

Shares of NASDAQ:RUM opened at $6.68 on Thursday. The company’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $5.64. Rumble Inc. has a one year low of $3.33 and a one year high of $11.25. The stock has a market capitalization of $2.58 billion, a PE ratio of -11.72 and a beta of 0.82.

Rumble (NASDAQ:RUMGet Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.08. The firm had revenue of $20.39 million for the quarter, compared to analysts’ expectations of $28.13 million. Rumble had a negative net margin of 143.79% and a negative return on equity of 38.52%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) EPS. On average, analysts anticipate that Rumble Inc. will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rumble

A number of institutional investors and hedge funds have recently modified their holdings of RUM. BlackRock Inc. raised its holdings in shares of Rumble by 430.6% in the 1st quarter. BlackRock Inc. now owns 1,541,934 shares of the company’s stock valued at $15,419,000 after purchasing an additional 1,251,322 shares during the period. Ameriprise Financial Inc. acquired a new position in Rumble in the 3rd quarter valued at about $5,042,000. Geode Capital Management LLC grew its stake in Rumble by 543.5% in the 1st quarter. Geode Capital Management LLC now owns 900,101 shares of the company’s stock valued at $9,001,000 after buying an additional 760,223 shares during the last quarter. State Street Corp grew its stake in Rumble by 236.7% in the 2nd quarter. State Street Corp now owns 946,213 shares of the company’s stock valued at $8,440,000 after buying an additional 665,213 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Rumble in the 1st quarter valued at about $5,040,000. 26.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Rumble

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.

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