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

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 35,000 shares of the stock in a transaction 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 transaction, the director now directly owns 15,173,902 shares in the company, valued at approximately $104,851,662.82. The sale was disclosed in a 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 shares were 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 transaction 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 transaction of $288,400.00.

Rumble Price Performance

NASDAQ RUM opened at $6.85 on Wednesday. Rumble Inc. has a 1-year low of $3.33 and a 1-year high of $11.25. The firm has a market capitalization of $2.64 billion, a P/E ratio of -12.02 and a beta of 0.88. The business’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $5.89.

Rumble (NASDAQ:RUM) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share 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 firm had revenue of $20.39 million for the quarter, compared to analysts’ expectations of $28.13 million. During the same period in the previous year, the company posted ($0.06) earnings per share. Rumble’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Rumble Inc. will post -0.64 EPS for the current fiscal year.

Institutional Trading of Rumble

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its position in shares of Rumble by 1,100.0% in the first 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 during the period. Newbridge Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 6,350 shares during the period. Principal Securities Inc. purchased a new position in Rumble in the 4th quarter worth approximately $32,000. Signaturefd LLC purchased a new stake in shares of Rumble during the fourth quarter valued at approximately $32,000. Finally, Solano Wealth Management Inc. purchased a new stake in shares of Rumble during the third quarter valued at approximately $51,000. 26.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.