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 Rumble stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 6,203 shares in the company, valued at approximately $44,537.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rumble Stock Performance

Rumble stock opened at $6.68 on Thursday. The firm’s 50 day moving average price is $7.22 and its two-hundred day moving average price is $5.64. Rumble Inc. has a 1 year low of $3.33 and a 1 year high of $11.25. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -11.72 and a beta of 0.82.

Rumble (NASDAQ:RUMGet Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping 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 firm had revenue of $20.39 million during the quarter, compared to analyst estimates of $28.13 million. During the same quarter last year, the business posted ($0.06) EPS. The company’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Rumble Inc. will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Rumble

Hedge Funds Weigh In On Rumble

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUM. BlackRock Inc. boosted its stake in Rumble by 430.6% in the 1st quarter. BlackRock Inc. now owns 1,541,934 shares of the company’s stock worth $15,419,000 after purchasing an additional 1,251,322 shares during the period. Ameriprise Financial Inc. acquired a new position in Rumble in the 3rd quarter worth approximately $5,042,000. Geode Capital Management LLC boosted its stake in Rumble by 543.5% in the 1st quarter. Geode Capital Management LLC now owns 900,101 shares of the company’s stock worth $9,001,000 after purchasing an additional 760,223 shares during the period. State Street Corp boosted its stake in Rumble by 236.7% in the 2nd quarter. State Street Corp now owns 946,213 shares of the company’s stock worth $8,440,000 after purchasing an additional 665,213 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Rumble during the 1st quarter valued at $5,040,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

About Rumble

(Get Free Report)

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates, 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, 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.

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