Cooper Creek Partners Management LLC Acquires 1,840,893 Shares of Rumble Inc. $RUM

Cooper Creek Partners Management LLC boosted its holdings in shares of Rumble Inc. (NASDAQ:RUM) by 54.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,242,497 shares of the company’s stock after buying an additional 1,840,893 shares during the period. Cooper Creek Partners Management LLC’s holdings in Rumble were worth $26,737,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Rumble in the fourth quarter worth about $47,000. Daiwa Securities Group Inc. boosted its stake in shares of Rumble by 47.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 9,254 shares of the company’s stock worth $58,000 after acquiring an additional 2,993 shares in the last quarter. State of Wyoming acquired a new position in shares of Rumble during the 1st quarter valued at about $62,000. VestGen Advisors LLC acquired a new position in shares of Rumble during the 4th quarter valued at about $64,000. Finally, NewEdge Advisors LLC raised its stake in shares of Rumble by 2,905.9% in the 4th quarter. NewEdge Advisors LLC now owns 10,250 shares of the company’s stock valued at $65,000 after acquiring an additional 9,909 shares in the last quarter. 26.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on RUM. Weiss Ratings upgraded Rumble from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, April 27th. Wall Street Zen upgraded Rumble from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rumble presently has an average rating of “Sell”.

Rumble Price Performance

Rumble stock opened at $5.71 on Friday. Rumble Inc. has a fifty-two week low of $4.62 and a fifty-two week high of $10.54. The firm has a fifty day moving average price of $7.10 and a two-hundred day moving average price of $6.38. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -13.28 and a beta of 1.13.

Rumble Profile

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.