Rumble Inc. (NASDAQ:RUM) Director Sells $153,725.00 in Stock

Rumble Inc. (NASDAQ:RUMGet Free Report) Director Robert Arsov sold 27,500 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $5.59, for a total value of $153,725.00. Following the completion of the transaction, the director now directly owns 14,967,337 shares of the company’s stock, valued at $83,667,413.83. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, July 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.76, for a total value of $158,400.00.
  • On Monday, July 1st, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.61, for a total value of $154,275.00.
  • On Wednesday, June 5th, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.06, for a total value of $181,800.00.
  • On Monday, June 3rd, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.11, for a total value of $183,300.00.
  • On Monday, May 6th, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.91, for a total value of $241,850.00.
  • 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.

Rumble Price Performance

NASDAQ RUM opened at $5.63 on Thursday. The firm has a market cap of $2.18 billion, a PE ratio of -8.80 and a beta of 0.77. The stock’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $6.33. Rumble Inc. has a one year low of $3.33 and a one year high of $9.20.

Rumble (NASDAQ:RUMGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The firm had revenue of $17.73 million for the quarter, compared to analyst estimates of $18.27 million. Rumble had a negative return on equity of 46.51% and a negative net margin of 161.62%. During the same period last year, the company earned ($0.10) EPS. As a group, equities analysts expect that Rumble Inc. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Rumble

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RUM. Empirical Capital Management LLC bought a new position in Rumble in the 1st quarter valued at $1,584,000. HighPoint Advisor Group LLC acquired a new position in shares of Rumble in the 4th quarter valued at $499,000. Virtu Financial LLC acquired a new position in shares of Rumble in the 1st quarter valued at $339,000. Avantax Advisory Services Inc. acquired a new position in shares of Rumble in the 1st quarter valued at $335,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Rumble in the 4th quarter valued at $152,000. 26.15% of the stock is currently owned by institutional investors.

Rumble Company Profile

(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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Insider Buying and Selling by Quarter for Rumble (NASDAQ:RUM)

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