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

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Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, 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 locals.com, 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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