Rumble Inc. (NASDAQ:RUM) CTO Wojciech Hlibowicki Sells 275,000 Shares

Rumble Inc. (NASDAQ:RUMGet Free Report) CTO Wojciech Hlibowicki sold 275,000 shares of Rumble stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.20, for a total value of $1,980,000.00. Following the completion of the transaction, the chief technology officer now directly owns 31,776 shares of the company’s stock, valued at approximately $228,787.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rumble Stock Performance

Shares of NASDAQ:RUM opened at $6.68 on Thursday. Rumble Inc. has a fifty-two week low of $3.33 and a fifty-two week high of $11.25. The business has a 50-day simple moving average of $7.22 and a two-hundred day simple moving average of $5.64. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -11.72 and a beta of 0.82.

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

Hedge Funds Weigh In On Rumble

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC purchased a new stake in shares of Rumble during the 4th quarter valued at about $32,000. Principal Securities Inc. purchased a new stake in shares of Rumble during the 4th quarter valued at about $32,000. Solano Wealth Management Inc. purchased a new stake in shares of Rumble during the 3rd quarter valued at about $51,000. Red Door Wealth Management LLC purchased a new stake in shares of Rumble during the 3rd quarter valued at about $53,000. Finally, Harbour Investments Inc. increased its position in shares of Rumble by 11.4% during the 4th quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock valued at $67,000 after purchasing an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on Rumble

Rumble Company Profile

(Get Free Report)

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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