Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 27,500 Shares

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $5.87, for a total value of $161,425.00. Following the completion of the sale, the director now owns 14,879,837 shares in the company, valued at $87,344,643.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, August 1st, Robert Arsov sold 30,000 shares of Rumble stock. The shares were sold at an average price of $6.12, for a total value of $183,600.00.
• On Friday, July 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 Wednesday, July 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.76, for a total value of $158,400.00.
• On Monday, July 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.61, for a total value of $154,275.00.
• On Wednesday, June 5th, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.06, for a total value of $181,800.00.
• On Monday, June 3rd, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.11, for a total value of $183,300.00.

Rumble Stock Performance

Shares of NASDAQ:RUM traded down $0.11 during midday trading on Monday, hitting $5.91. 1,409,480 shares of the stock were exchanged, compared to its average volume of 3,713,327. Rumble Inc. has a 52-week low of $3.33 and a 52-week high of $9.20. The business’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $6.61. The company has a market capitalization of $2.29 billion, a PE ratio of -8.30 and a beta of 0.77.

Rumble (NASDAQ:RUM) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The business had revenue of $17.73 million for the quarter, compared to analyst estimates of $18.27 million. Rumble had a negative return on equity of 46.51% and a negative net margin of 161.62%. During the same period in the previous year, the company posted ($0.10) earnings per share. As a group, equities analysts anticipate that Rumble Inc. will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Rumble

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in Rumble in the 4th quarter worth approximately $32,000. HighPoint Advisor Group LLC bought a new stake in shares of Rumble during the 4th quarter valued at $499,000. Principal Securities Inc. bought a new stake in shares of Rumble during the 4th quarter valued at $32,000. Avantax Advisory Services Inc. bought a new stake in shares of Rumble in the 1st quarter valued at $335,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Rumble in the 4th quarter valued at $80,000. 26.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wedbush began coverage on Rumble in a research report on Wednesday, July 17th. They issued a “neutral” rating and a $8.00 target price for the company.

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.