Christopher Pavlovski Sells 354,849 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUM) CEO Christopher Pavlovski sold 354,849 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $2,661,367.50. Following the completion of the sale, the chief executive officer now owns 522,927 shares in the company, valued at $3,921,952.50. This represents a 40.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Rumble Stock Performance

NASDAQ:RUM opened at $10.79 on Thursday. The firm has a market cap of $4.21 billion, a P/E ratio of -17.13 and a beta of 0.50. Rumble Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $17.40. The firm has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $7.82.

Rumble (NASDAQ:RUM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $29.25 million. During the same period in the previous year, the business posted ($0.14) earnings per share. On average, equities research analysts predict that Rumble Inc. will post -0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. IFP Advisors Inc grew its stake in Rumble by 70.9% during 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 boosted its holdings 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 valued at $38,000 after purchasing an additional 980 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Rumble during the 3rd quarter valued at about $70,000. Barclays PLC grew its position in shares of Rumble by 663.9% during the third quarter. Barclays PLC now owns 13,559 shares of the company’s stock valued at $72,000 after purchasing an additional 11,784 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Rumble in the fourth quarter worth about $78,000. 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.