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

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $74,227,808.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 value 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 value of $153,725.00.
• On Tuesday, September 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.57, for a total value of $153,175.00.

Rumble Trading Down 2.4 %

RUM stock traded down $0.14 on Wednesday, hitting $5.81. 5,373,216 shares of the company’s stock traded hands, compared to its average volume of 3,029,597. Rumble Inc. has a 1-year low of $3.33 and a 1-year high of $9.20. The stock has a fifty day moving average of $5.54 and a 200-day moving average of $6.02. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -9.60 and a beta of 0.72.

Rumble (NASDAQ:RUM) last released its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $22.47 million during 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%. On average, equities research analysts anticipate that Rumble Inc. will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in Rumble in the 2nd quarter worth approximately $30,000. Bank of New York Mellon Corp bought a new position in Rumble during the 2nd quarter valued at about $66,000. SG Americas Securities LLC bought a new position in shares of Rumble in the second quarter valued at approximately $67,000. Coppell Advisory Solutions Corp. bought a new position in Rumble in the 1st quarter valued at $81,000. Finally, RIA Advisory Group LLC acquired a new position in Rumble during the 3rd quarter worth about $81,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and set a $8.00 target price on shares of Rumble in a research note on Tuesday, August 13th.

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.