Rumble (RUM) Projected to Post Quarterly Earnings on Wednesday

Rumble (NASDAQ:RUM) is anticipated to post its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Rumble to post earnings of ($0.13) per share for the quarter.

Rumble Trading Up 3.5 %

NASDAQ:RUM opened at $8.01 on Tuesday. Rumble has a 1 year low of $4.92 and a 1 year high of $17.38. The firm’s fifty day simple moving average is $10.52 and its 200 day simple moving average is $8.47. The firm has a market capitalization of $3.12 billion, a PE ratio of -12.71 and a beta of 0.56.

Insider Buying and Selling at Rumble

In other news, CEO Christopher Pavlovski sold 354,849 shares of Rumble stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 522,927 shares in the company, valued at approximately $3,921,952.50. The trade was a 40.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Wojciech Hlibowicki sold 3,817,165 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $28,628,737.50. Following the sale, the chief technology officer now owns 4,592 shares in the company, valued at approximately $34,440. This trade represents a 99.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,104,017 shares of company stock valued at $308,280,128. 70.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Maxim Group assumed coverage on Rumble in a research note on Wednesday, January 15th. They issued a “buy” rating and a $20.00 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.