Rumble (RUM) to Release Quarterly Earnings on Wednesday

Rumble (NASDAQ:RUM) is projected to post its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Rumble to post earnings of ($0.13) per share for the quarter.

Rumble Stock Performance

NASDAQ:RUM opened at $7.74 on Monday. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -12.29 and a beta of 0.56. Rumble has a fifty-two week low of $4.92 and a fifty-two week high of $17.38. The stock has a fifty day moving average price of $10.58 and a 200-day moving average price of $8.45.

Insider Buying and Selling at Rumble

In related news, CFO Brandon Alexandroff sold 6,828,420 shares of Rumble stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $51,213,150.00. Following the sale, the chief financial officer now directly owns 64,210 shares of the company’s stock, valued at approximately $481,575. The trade was a 99.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher Pavlovski sold 354,849 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $2,661,367.50. Following the completion of the transaction, the chief executive officer now directly owns 522,927 shares of the company’s stock, valued at approximately $3,921,952.50. The trade was a 40.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,104,017 shares of company stock worth $308,280,128 over the last three months. Corporate insiders own 70.10% of the company’s stock.

Analyst Ratings Changes

Separately, Maxim Group started coverage on shares of Rumble in a research report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price objective for the company.

About Rumble

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.