Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 35,000 Shares

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 35,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $6.85, for a total value of $239,750.00. Following the completion of the transaction, the director now directly owns 15,208,902 shares in the company, valued at $104,180,978.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, May 1st, Robert Arsov sold 35,012 shares of Rumble stock. The stock was sold at an average price of $6.70, for a total value of $234,580.40.
• 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 value of $235,200.00.
• On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The stock was sold at an average price of $7.21, for a total value of $288,400.00.

Rumble Stock Performance

Shares of NASDAQ RUM traded up $0.20 during mid-day trading on Friday, reaching $6.98. 626,378 shares of the company traded hands, compared to its average volume of 5,326,599. The stock has a market cap of $2.69 billion, a PE ratio of -12.25 and a beta of 0.88. The company’s fifty day moving average is $7.00 and its two-hundred day moving average is $5.84. Rumble Inc. has a fifty-two week low of $3.33 and a fifty-two week high of $11.25.

Rumble (NASDAQ:RUM) last issued 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. The business had revenue of $20.39 million for the quarter, compared to analyst estimates of $28.13 million. Rumble had a negative return on equity of 38.52% and a negative net margin of 143.79%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) EPS. Research analysts forecast that Rumble Inc. will post -0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in Rumble during the 4th quarter valued at approximately $32,000. Principal Securities Inc. acquired a new position in shares of Rumble in the 4th quarter worth approximately $32,000. Global Retirement Partners LLC raised its holdings in shares of Rumble by 1,100.0% in 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 in the last quarter. Solano Wealth Management Inc. acquired a new position in shares of Rumble in the 3rd quarter worth approximately $51,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Rumble by 1,270.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock worth $55,000 after buying an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.