Tyler Hughes Sells 312,727 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUM) COO Tyler Hughes sold 312,727 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $2,345,452.50. Following the completion of the transaction, the chief operating officer now owns 65,127 shares in the company, valued at approximately $488,452.50. This trade represents a 82.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Rumble Price Performance

Shares of RUM stock opened at $10.79 on Thursday. Rumble Inc. has a 1-year low of $4.92 and a 1-year high of $17.40. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -17.13 and a beta of 0.50. The stock has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $7.82.

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 company had revenue of $25.06 million for the quarter, compared to analyst estimates of $29.25 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. Analysts anticipate that Rumble Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

RUM has been the subject of several analyst reports. Maxim Group started coverage on shares of Rumble in a research note on Wednesday, January 15th. They issued a “buy” rating and a $20.00 target price for the company. Wedbush reissued a “neutral” rating and set a $8.00 target price on shares of Rumble in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Rumble by 70.9% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $26,000 after acquiring an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in 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 purchasing an additional 980 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Rumble during the 3rd quarter valued at approximately $70,000. Barclays PLC lifted its stake in shares of Rumble by 663.9% in the 3rd quarter. Barclays PLC now owns 13,559 shares of the company’s stock valued at $72,000 after purchasing an additional 11,784 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Rumble during the 4th quarter worth $78,000. Institutional investors and hedge funds own 26.15% of the company’s 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.