Rumble Inc. (NASDAQ:RUM) Director Sells $241,850.00 in Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 35,000 shares of Rumble stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $6.91, for a total value of $241,850.00. Following the completion of the transaction, the director now directly owns 15,173,902 shares in the company, valued at $104,851,662.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.85, for a total value of $239,750.00.
• 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 Price Performance

Shares of RUM stock opened at $6.89 on Friday. The stock’s fifty day simple moving average is $7.02 and its 200 day simple moving average is $5.90. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -12.09 and a beta of 0.88. Rumble Inc. has a one year low of $3.33 and a one year high of $11.25.

Rumble (NASDAQ:RUM) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate 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%. Rumble’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. On average, research analysts anticipate that Rumble Inc. will post -0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Rumble

Institutional investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. acquired a new position in Rumble in the first quarter worth $335,000. RIA Advisory Group LLC acquired a new position in Rumble in the first quarter worth $190,000. Janney Montgomery Scott LLC boosted its stake in Rumble by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 106,699 shares of the company’s stock worth $862,000 after purchasing an additional 27,289 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in Rumble in the first quarter worth $198,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Rumble by 1,270.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock worth $55,000 after purchasing an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 26.15% of the company’s stock.

Rumble Company 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.