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

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.69, for a total value of $156,475.00. Following the completion of the sale, the director now directly owns 12,577,337 shares in the company, valued at approximately $71,565,047.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, November 6th, Robert Arsov sold 30,000 shares of Rumble stock. The shares were sold at an average price of $5.93, for a total transaction of $177,900.00.
• On Friday, November 1st, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.83, for a total transaction 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 value of $140,800.00.
• On Tuesday, October 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.24, for a total value 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 %

Rumble stock opened at $5.81 on Thursday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -9.37 and a beta of 0.72. Rumble Inc. has a 12 month low of $3.33 and a 12 month high of $9.20. The stock’s 50 day moving average is $5.54 and its 200-day moving average is $6.02.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Rumble had a negative net margin of 163.37% and a negative return on equity of 54.31%. The firm had revenue of $22.47 million during the quarter, compared to analyst estimates of $19.69 million. As a group, equities research analysts predict that Rumble Inc. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Rumble

A number of hedge funds have recently bought and sold shares of the business. RIA Advisory Group LLC bought a new stake in Rumble in the 3rd quarter valued at about $81,000. Cypress Point Wealth Management LLC bought a new stake in shares of Rumble in the third quarter valued at approximately $98,000. Total Clarity Wealth Management Inc. acquired a new stake in Rumble during the second quarter worth approximately $161,000. Redwood Wealth Management Group LLC bought a new position in Rumble during the 2nd quarter worth $30,000. Finally, Arizona State Retirement System acquired a new position in Rumble in the 2nd quarter valued at $91,000. 26.15% of the stock is owned by institutional investors.

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.