Signaturefd LLC Acquires Shares of 7,158 Rumble Inc. (NASDAQ:RUM)

Signaturefd LLC acquired a new position in Rumble Inc. (NASDAQ:RUM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,158 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Solano Wealth Management Inc. purchased a new stake in Rumble in the third quarter worth $51,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Rumble by 20.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,504 shares of the company’s stock worth $89,000 after buying an additional 2,977 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Rumble in the 4th quarter worth about $80,000. Sigma Planning Corp lifted its position in Rumble by 26.8% during the 3rd quarter. Sigma Planning Corp now owns 24,341 shares of the company’s stock valued at $124,000 after acquiring an additional 5,150 shares during the period. Finally, Resolute Advisors LLC boosted its stake in Rumble by 18.2% during the third quarter. Resolute Advisors LLC now owns 26,000 shares of the company’s stock worth $133,000 after acquiring an additional 4,000 shares in the last quarter. 26.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rumble news, Director Robert Arsov sold 35,000 shares of Rumble stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $6.85, for a total value of $239,750.00. Following the completion of the sale, the director now owns 15,208,902 shares of the company’s stock, valued at approximately $104,180,978.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CTO Wojciech Hlibowicki sold 275,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.20, for a total transaction of $1,980,000.00. Following the completion of the sale, the chief technology officer now owns 31,776 shares of the company’s stock, valued at approximately $228,787.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Arsov sold 35,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.85, for a total transaction of $239,750.00. Following the sale, the director now directly owns 15,208,902 shares of the company’s stock, valued at approximately $104,180,978.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,753,908 shares of company stock valued at $12,295,560. Company insiders own 72.90% of the company’s stock.

Rumble Stock Up 2.9 %

Shares of RUM opened at $6.98 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of -12.25 and a beta of 0.88. The firm has a 50 day moving average of $7.00 and a 200 day moving average of $5.84. Rumble Inc. has a twelve month low of $3.33 and a twelve month high of $11.25.

Rumble (NASDAQ:RUM) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS 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 business had revenue of $20.39 million during the quarter, compared to the consensus estimate of $28.13 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that Rumble Inc. will post -0.64 EPS for the current year.

Wall Street Analyst Weigh In

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

Rumble Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming 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.