Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 40,000 Shares

Rumble Inc. (NASDAQ:RUMGet Free Report) Director Robert Arsov sold 40,000 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $7.21, for a total transaction of $288,400.00. Following the transaction, the director now directly owns 15,423,914 shares in the company, valued at approximately $111,206,419.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rumble Price Performance

Shares of RUM opened at $6.68 on Thursday. The stock has a market capitalization of $2.58 billion, a PE ratio of -11.72 and a beta of 0.82. The business’s fifty day moving average price is $7.22 and its 200 day moving average price 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 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 net margin of 143.79% and a negative return on equity of 38.52%. 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 prior year, the company earned ($0.06) earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Rumble Inc. will post -0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on Rumble

Hedge Funds Weigh In On Rumble

A number of large investors have recently bought and sold shares of RUM. Royal Bank of Canada bought a new position in Rumble during the 3rd quarter worth $351,000. Commonwealth Equity Services LLC bought a new position in shares of Rumble during the third quarter worth about $933,000. Raymond James & Associates increased its holdings in shares of Rumble by 44.4% in the 4th quarter. Raymond James & Associates now owns 19,972 shares of the company’s stock worth $119,000 after acquiring an additional 6,140 shares during the period. Advisor Group Holdings Inc. lifted its position in Rumble by 55.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 73,480 shares of the company’s stock valued at $438,000 after purchasing an additional 26,289 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Rumble by 916.7% during the 4th quarter. Geode Capital Management LLC now owns 139,878 shares of the company’s stock valued at $832,000 after purchasing an additional 126,120 shares during the period. Institutional investors own 26.15% of the company’s stock.

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.

See Also

Receive News & Ratings for Rumble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rumble and related companies with's FREE daily email newsletter.