Robert Arsov Sells 35,012 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUMGet Free Report) Director Robert Arsov sold 35,012 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $6.70, for a total value of $234,580.40. Following the completion of the transaction, the director now owns 15,278,902 shares in the company, valued at approximately $102,368,643.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Robert Arsov also recently made the following trade(s):

  • On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.85, for a total value of $239,750.00.
  • On Thursday, April 4th, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.72, for a total transaction of $235,200.00.
  • On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The shares were sold at an average price of $7.21, for a total transaction of $288,400.00.

Rumble Trading Up 2.9 %

Shares of RUM opened at $6.98 on Friday. The company’s 50 day simple moving average is $7.01 and its 200-day simple moving average is $5.86. Rumble Inc. has a 12-month low of $3.33 and a 12-month high of $11.25. The firm has a market cap of $2.69 billion, a PE ratio of -12.25 and a beta of 0.88.

Rumble (NASDAQ:RUMGet Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating 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 analyst estimates of $28.13 million. During the same period in the previous year, the business posted ($0.06) earnings per share. Rumble’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Rumble Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on RUM

Institutional Trading of Rumble

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC acquired a new position in shares of Rumble in the fourth quarter valued at approximately $32,000. Principal Securities Inc. acquired a new position in Rumble in the 4th quarter valued at $32,000. Global Retirement Partners LLC raised its position in Rumble by 1,100.0% during the 1st quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock worth $48,000 after buying an additional 5,500 shares during the last quarter. Solano Wealth Management Inc. acquired a new stake in shares of Rumble in the 3rd quarter worth $51,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Rumble by 1,270.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock valued at $55,000 after acquiring an additional 6,350 shares in the last quarter. 26.15% of the stock is owned by hedge funds and other institutional investors.

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 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.

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Insider Buying and Selling by Quarter for Rumble (NASDAQ:RUM)

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