Sigma Planning Corp Boosts Stock Position in Rumble Inc. (NASDAQ:RUM)

Sigma Planning Corp boosted its holdings in Rumble Inc. (NASDAQ:RUM) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,332 shares of the company’s stock after purchasing an additional 3,985 shares during the period. Sigma Planning Corp’s holdings in Rumble were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Rumble by 14.5% in the third quarter. Geode Capital Management LLC now owns 1,035,718 shares of the company’s stock worth $5,553,000 after purchasing an additional 130,956 shares during the last quarter. Barclays PLC boosted its position in Rumble by 663.9% in the third quarter. Barclays PLC now owns 13,559 shares of the company’s stock worth $72,000 after purchasing an additional 11,784 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rumble by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 478,317 shares of the company’s stock worth $2,564,000 after purchasing an additional 24,879 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Rumble during the 3rd quarter valued at $185,000. Finally, FMR LLC lifted its position in shares of Rumble by 995.3% during the 3rd quarter. FMR LLC now owns 22,387 shares of the company’s stock valued at $120,000 after buying an additional 20,343 shares during the last quarter. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Rumble Stock Performance

NASDAQ RUM opened at $9.18 on Friday. Rumble Inc. has a 52-week low of $4.92 and a 52-week high of $17.40. The company has a fifty day moving average of $12.05 and a 200-day moving average of $8.17. The company has a market capitalization of $3.58 billion, a P/E ratio of -14.57 and a beta of 0.50.

Analysts Set New Price Targets

RUM has been the topic of a number of recent research reports. Maxim Group initiated coverage on Rumble in a research report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price target on the stock. Wedbush reaffirmed a “neutral” rating and set a $8.00 price target on shares of Rumble in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In other news, Director Robert Arsov sold 29,988 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.90, for a total value of $206,917.20. Following the transaction, the director now owns 12,487,349 shares in the company, valued at approximately $86,162,708.10. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Pavlovski sold 354,849 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was 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 owns 522,927 shares in the company, valued at $3,921,952.50. This represents a 40.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,134,005 shares of company stock valued at $308,487,045. 70.10% of the stock is currently owned by corporate insiders.

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.