Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 35,012 Shares

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 35,012 shares of Rumble stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $6.70, for a total transaction of $234,580.40. Following the sale, the director now owns 15,278,902 shares of the company’s stock, valued at approximately $102,368,643.40. The sale was disclosed in a document filed with the SEC, which is available through this link.

Robert Arsov also recently made the following trade(s):

• On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.85, for a total transaction of $239,750.00.
• On Thursday, April 4th, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.72, for a total transaction of $235,200.00.
• On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The shares were sold at an average price of $7.21, for a total transaction of $288,400.00.

Rumble Price Performance

Shares of NASDAQ:RUM traded up $0.20 during trading hours on Friday, hitting $6.98. The company’s stock had a trading volume of 626,378 shares, compared to its average volume of 5,326,599. Rumble Inc. has a 52 week low of $3.33 and a 52 week high of $11.25. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -12.25 and a beta of 0.88. The firm’s fifty day moving average price is $7.00 and its 200 day moving average price is $5.84.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.08. Rumble had a negative net margin of 143.79% and a negative return on equity of 38.52%. The business had revenue of $20.39 million during the quarter, compared to analyst estimates of $28.13 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Rumble Inc. will post -0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer restated a “market perform” rating on shares of Rumble in a report on Thursday, March 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new stake in Rumble during the 4th quarter worth approximately $499,000. IPG Investment Advisors LLC purchased a new stake in Rumble during the 3rd quarter worth approximately $231,000. Janney Montgomery Scott LLC grew its position in Rumble by 69.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 109,126 shares of the company’s stock worth $557,000 after purchasing an additional 44,863 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in Rumble during the 4th quarter worth approximately $152,000. Finally, SpiderRock Advisors LLC purchased a new stake in Rumble during the 1st quarter worth approximately $198,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

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.