Rumble (NASDAQ:RUM) Major Shareholder Tether Global Investments Fund Acquires 538,955 Shares

Rumble Inc. (NASDAQ:RUM) major shareholder Tether Global Investments Fund bought 538,955 shares of Rumble stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $5.41 per share, with a total value of $2,915,746.55. Following the purchase, the insider directly owned 105,129,660 shares in the company, valued at approximately $568,751,460.60. This trade represents a 0.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Friday, February 6th, Tether Global Investments Fund purchased 44,355 shares of Rumble stock. The shares were purchased at an average price of $5.48 per share, for a total transaction of $243,065.40.
• On Tuesday, February 3rd, Tether Global Investments Fund acquired 193,702 shares of Rumble stock. The stock was purchased at an average price of $5.49 per share, with a total value of $1,063,423.98.

Rumble Trading Up 8.0%

Shares of RUM opened at $5.78 on Friday. The stock’s 50 day moving average is $6.49 and its two-hundred day moving average is $7.07. Rumble Inc. has a twelve month low of $5.11 and a twelve month high of $13.82. The firm has a market capitalization of $2.51 billion, a PE ratio of -4.31 and a beta of 0.69.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Rumble had a negative net margin of 275.47% and a negative return on equity of 78.52%. The business had revenue of $24.76 million during the quarter, compared to analyst estimates of $26.86 million. Rumble’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Rumble Inc. will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Rumble during the 3rd quarter valued at about $28,000. Mather Group LLC. acquired a new stake in shares of Rumble in the third quarter valued at approximately $43,000. CWM LLC grew its position in shares of Rumble by 41.9% in the second quarter. CWM LLC now owns 6,238 shares of the company’s stock valued at $56,000 after purchasing an additional 1,843 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Rumble during the 2nd quarter worth approximately $72,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Rumble during the 2nd quarter worth approximately $75,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

More Rumble News

Here are the key news stories impacting Rumble this week:

• Positive Sentiment: Tether Global Investments Fund bought 193,702 shares on Feb. 3 at an average of $5.49, increasing its stake to ~104.6M shares (0.19% increase). SEC filing
• Positive Sentiment: Tether purchased 538,955 shares on Feb. 5 at an average of $5.41, a ~0.52% increase in its position and a ~$2.9M outlay — signaling continued insider demand around current price levels. SEC filing
• Positive Sentiment: Tether bought another 44,355 shares on Feb. 6 at an average of $5.48, marginally raising its holding to ~105.17M shares; cumulative buys this week reduce available float and may underpin short-term price strength. SEC filing
• Neutral Sentiment: Coverage of WWE/Royal Rumble events — entertainment stories (WWE talent and event plans) that may drive periodic content and traffic but are not direct corporate announcements from Rumble. Major Update on WWE’s Original Royal Rumble Winner Plans
• Neutral Sentiment: Report on potential WWE Royal Rumble 2027 location — likely low direct impact on Rumble unless tied to platform distribution/partnerships. Potential location for WWE Royal Rumble 2027 – report
• Neutral Sentiment: Stories on AJ Styles and Logan Paul from recent Royal Rumble coverage — notable personalities that can drive viewership but not company-specific news for Rumble. AJ Styles Comments Logan Paul claims he broke his jaw
• Negative Sentiment: Rumble’s recent fundamentals remain a headwind — the company missed Q3 revenue and EPS estimates, has negative margins and negative ROE; these factors leave valuations sensitive to sentiment and reliant on execution/improved monetization. MarketBeat RUM profile

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Rumble in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $8.00.

About Rumble

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.