Rumble Inc. (NASDAQ:RUM) CEO Sells $2,661,367.50 in Stock

Rumble Inc. (NASDAQ:RUM) CEO Christopher Pavlovski sold 354,849 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $2,661,367.50. Following the sale, the chief executive officer now owns 522,927 shares of the company’s stock, valued at $3,921,952.50. This trade represents a 40.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Rumble Price Performance

Shares of NASDAQ:RUM opened at $11.30 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of -17.94 and a beta of 0.50. The business has a fifty day moving average price of $11.47 and a two-hundred day moving average price of $7.84. Rumble Inc. has a 1 year low of $4.92 and a 1 year high of $17.40.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $25.06 million for the quarter, compared to the consensus estimate of $29.25 million. Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. During the same quarter in the previous year, the company posted ($0.14) EPS. Sell-side analysts anticipate that Rumble Inc. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RUM shares. Maxim Group started coverage on Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price target for the company. Wedbush reiterated a “neutral” rating and set a $8.00 price target on shares of Rumble in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Rumble by 70.9% during the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $26,000 after acquiring an additional 830 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Rumble by 50.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company’s stock worth $38,000 after acquiring an additional 980 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Rumble by 12.7% during the 4th quarter. Bank of New York Mellon Corp now owns 13,396 shares of the company’s stock worth $174,000 after acquiring an additional 1,510 shares during the period. Sigma Planning Corp grew its stake in shares of Rumble by 17.8% during the 4th quarter. Sigma Planning Corp now owns 26,332 shares of the company’s stock worth $343,000 after acquiring an additional 3,985 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Rumble by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,041,044 shares of the company’s stock worth $13,550,000 after purchasing an additional 5,326 shares in the last quarter. 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.