Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 30,000 Shares

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 30,000 shares of Rumble stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $5.93, for a total value of $177,900.00. Following the completion of the sale, the director now directly owns 12,517,337 shares of the company’s stock, valued at $74,227,808.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $156,475.00.
• On Friday, November 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were 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 shares were sold at an average price of $5.24, for a total value of $144,100.00.
• On Thursday, September 5th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.59, for a total value 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 %

Shares of NASDAQ:RUM traded down $0.14 during midday trading on Wednesday, reaching $5.81. The company had a trading volume of 5,373,216 shares, compared to its average volume of 3,029,597. The stock has a market cap of $2.26 billion, a PE ratio of -9.60 and a beta of 0.72. Rumble Inc. has a 1-year low of $3.33 and a 1-year high of $9.20. The business’s 50 day moving average price is $5.54 and its 200 day moving average price is $6.02.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Rumble had a negative return on equity of 54.31% and a negative net margin of 163.37%. The firm had revenue of $22.47 million for the quarter, compared to the consensus estimate of $19.69 million. On average, research analysts expect that Rumble Inc. will post -0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rumble

A number of institutional investors have recently bought and sold shares of RUM. Empirical Capital Management LLC bought a new position in shares of Rumble during the 1st quarter worth approximately $1,584,000. Cambridge Investment Research Advisors Inc. boosted its position in Rumble by 5.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 175,927 shares of the company’s stock worth $976,000 after purchasing an additional 8,824 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Rumble by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 106,699 shares of the company’s stock valued at $862,000 after purchasing an additional 27,289 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Rumble during the 1st quarter worth about $339,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Rumble during the 1st quarter worth about $335,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and issued a $8.00 price target on shares of Rumble in a report on Tuesday, August 13th.

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.