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

Rumble Inc. (NASDAQ:RUMGet Free Report) insider Claudio Ramolo sold 300,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.18, for a total transaction of $2,154,000.00. Following the transaction, the insider now owns 6,203 shares of the company’s stock, valued at approximately $44,537.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rumble Trading Up 1.1 %

RUM stock opened at $7.32 on Wednesday. The firm has a 50 day moving average of $7.20 and a 200-day moving average of $5.64. Rumble Inc. has a 12 month low of $3.33 and a 12 month high of $11.25. The firm has a market capitalization of $2.83 billion, a P/E ratio of -12.84 and a beta of 0.82.

Rumble (NASDAQ:RUMGet Free Report) last released 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 during the quarter, compared to analyst estimates of $28.13 million. During the same period last year, the business earned ($0.06) earnings per share. Rumble’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Rumble Inc. will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Rumble

Large investors have recently modified their holdings of the company. Signaturefd LLC bought a new position in shares of Rumble in the fourth quarter valued at approximately $32,000. Principal Securities Inc. bought a new stake in Rumble during the fourth quarter valued at approximately $32,000. Solano Wealth Management Inc. bought a new stake in Rumble during the third quarter valued at approximately $51,000. Red Door Wealth Management LLC bought a new stake in Rumble during the third quarter valued at approximately $53,000. Finally, Harbour Investments Inc. lifted its position in Rumble by 11.4% during the fourth quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock valued at $67,000 after purchasing an additional 1,540 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Check Out 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.

Further Reading

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