Rumble Inc. (NASDAQ:RUM) Insider Claudio Ramolo Sells 300,000 Shares of Stock

Rumble Inc. (NASDAQ:RUMGet Free Report) insider Claudio Ramolo sold 300,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $7.18, for a total value of $2,154,000.00. Following the transaction, the insider now directly owns 6,203 shares of the company’s stock, valued at approximately $44,537.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rumble Price Performance

RUM stock opened at $6.68 on Thursday. The business has a 50 day simple moving average of $7.22 and a 200-day simple moving average of $5.64. The firm has a market capitalization of $2.58 billion, a PE ratio of -11.72 and a beta of 0.82. Rumble Inc. has a 1 year low of $3.33 and a 1 year high of $11.25.

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

Institutional Trading of Rumble

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC purchased a new position in shares of Rumble during the fourth quarter worth about $32,000. Principal Securities Inc. acquired a new stake in shares of Rumble during the 4th quarter valued at approximately $32,000. Solano Wealth Management Inc. acquired a new position in shares of Rumble during the 3rd quarter worth approximately $51,000. Red Door Wealth Management LLC acquired a new position in shares of Rumble during the 3rd quarter worth approximately $53,000. Finally, Harbour Investments Inc. raised 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 worth $67,000 after purchasing an additional 1,540 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on RUM

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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