Rumble Inc. (NASDAQ:RUM) CEO Sells $2,661,367.50 in Stock

Rumble Inc. (NASDAQ:RUM) CEO Christopher Pavlovski sold 354,849 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $2,661,367.50. Following the sale, the chief executive officer now directly owns 522,927 shares in the company, valued at approximately $3,921,952.50. The trade was a 40.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rumble Stock Down 3.4 %

NASDAQ RUM opened at $10.79 on Thursday. Rumble Inc. has a 52 week low of $4.92 and a 52 week high of $17.40. The company has a fifty day moving average of $11.41 and a two-hundred day moving average of $7.82. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of -17.13 and a beta of 0.50.

Rumble (NASDAQ:RUM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The firm had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $29.25 million. During the same period last year, the company earned ($0.14) earnings per share. Equities research analysts anticipate that Rumble Inc. will post -0.62 EPS for the current year.

Hedge Funds Weigh In On Rumble

Large investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in Rumble by 70.9% during the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Rumble by 50.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company’s stock worth $38,000 after acquiring an additional 980 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Rumble by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 13,396 shares of the company’s stock valued at $174,000 after acquiring an additional 1,510 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Rumble by 17.8% in the fourth quarter. Sigma Planning Corp now owns 26,332 shares of the company’s stock valued at $343,000 after purchasing an additional 3,985 shares during the period. Finally, Geode Capital Management LLC grew its stake in Rumble by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,041,044 shares of the company’s stock worth $13,550,000 after purchasing an additional 5,326 shares in the last quarter. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on RUM shares. Wedbush restated a “neutral” rating and set a $8.00 target price on shares of Rumble in a research report on Wednesday, November 13th. Maxim Group initiated coverage on Rumble in a research report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price objective on the stock.

About Rumble

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.