Rumble Inc. (NASDAQ:RUM - Get Free Report) Director Robert Arsov sold 30,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $5.93, for a total transaction of $177,900.00. Following the sale, the director now directly owns 12,517,337 shares of the company's stock, valued at approximately $74,227,808.41. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robert Arsov also recently made the following trade(s):
- On Monday, November 4th, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.69, for a total transaction of $156,475.00.
- On Friday, November 1st, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.83, for a total transaction of $160,325.00.
- On Thursday, October 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.12, for a total transaction of $140,800.00.
- On Tuesday, October 1st, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.24, for a total transaction of $144,100.00.
- On Thursday, September 5th, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.59, for a total transaction of $153,725.00.
- On Tuesday, September 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.57, for a total transaction of $153,175.00.
Rumble Stock Down 2.4 %
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RUM opened at $5.81 on Thursday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -9.37 and a beta of 0.72. Rumble Inc. has a twelve month low of $3.33 and a twelve month high of $9.20. The company's 50-day moving average price is $5.54 and its two-hundred day moving average price is $6.02.
Rumble (NASDAQ:RUM - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). The business had revenue of $22.47 million for the quarter, compared to analysts' expectations of $19.69 million. Rumble had a negative net margin of 163.37% and a negative return on equity of 54.31%. As a group, sell-side analysts anticipate that Rumble Inc. will post -0.55 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Wedbush reiterated a "neutral" rating and issued a $8.00 target price on shares of Rumble in a research note on Tuesday, August 13th.
Get Our Latest Research Report on Rumble
Institutional Trading of Rumble
A number of institutional investors have recently modified their holdings of the business. Empirical Capital Management LLC bought a new stake in Rumble during the 1st quarter worth approximately $1,584,000. Cambridge Investment Research Advisors Inc. increased its holdings in Rumble by 5.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 175,927 shares of the company's stock worth $976,000 after acquiring an additional 8,824 shares during the period. Janney Montgomery Scott LLC increased its holdings in Rumble by 34.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 106,699 shares of the company's stock worth $862,000 after acquiring an additional 27,289 shares during the period. Virtu Financial LLC bought a new stake in Rumble during the 1st quarter worth approximately $339,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Rumble in the 1st quarter worth $335,000. 26.15% of the stock is currently owned by hedge funds and other institutional investors.
About Rumble
(
Get Free Report)
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.
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