Tether Global Investments Fund Buys 538,955 Shares of Rumble (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUM) major shareholder Tether Global Investments Fund acquired 538,955 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were bought at an average cost of $5.41 per share, for a total transaction of $2,915,746.55. Following the completion of the acquisition, the insider directly owned 105,129,660 shares of the company’s stock, valued at approximately $568,751,460.60. The trade was a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Friday, February 6th, Tether Global Investments Fund bought 44,355 shares of Rumble stock. The stock was purchased at an average price of $5.48 per share, with a total value of $243,065.40.
• On Tuesday, February 3rd, Tether Global Investments Fund purchased 193,702 shares of Rumble stock. The shares were purchased at an average price of $5.49 per share, for a total transaction of $1,063,423.98.

Rumble Stock Performance

Shares of RUM stock opened at $5.78 on Friday. Rumble Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $13.82. The firm has a market capitalization of $2.51 billion, a PE ratio of -4.31 and a beta of 0.69. The stock’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $7.06.

Rumble (NASDAQ:RUM) last issued its earnings results on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Rumble had a negative net margin of 275.47% and a negative return on equity of 78.52%. The firm had revenue of $24.76 million during the quarter, compared to analysts’ expectations of $26.86 million. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Rumble Inc. will post -0.62 earnings per share for the current year.

Trending Headlines about Rumble

Here are the key news stories impacting Rumble this week:

• Positive Sentiment: Tether Global Investments Fund bought 193,702 shares on Feb. 3 at an average of $5.49, increasing its stake to ~104.6M shares (0.19% increase). SEC filing
• Positive Sentiment: Tether purchased 538,955 shares on Feb. 5 at an average of $5.41, a ~0.52% increase in its position and a ~$2.9M outlay — signaling continued insider demand around current price levels. SEC filing
• Positive Sentiment: Tether bought another 44,355 shares on Feb. 6 at an average of $5.48, marginally raising its holding to ~105.17M shares; cumulative buys this week reduce available float and may underpin short-term price strength. SEC filing
• Neutral Sentiment: Coverage of WWE/Royal Rumble events — entertainment stories (WWE talent and event plans) that may drive periodic content and traffic but are not direct corporate announcements from Rumble. Major Update on WWE’s Original Royal Rumble Winner Plans
• Neutral Sentiment: Report on potential WWE Royal Rumble 2027 location — likely low direct impact on Rumble unless tied to platform distribution/partnerships. Potential location for WWE Royal Rumble 2027 – report
• Neutral Sentiment: Stories on AJ Styles and Logan Paul from recent Royal Rumble coverage — notable personalities that can drive viewership but not company-specific news for Rumble. AJ Styles Comments Logan Paul claims he broke his jaw
• Negative Sentiment: Rumble’s recent fundamentals remain a headwind — the company missed Q3 revenue and EPS estimates, has negative margins and negative ROE; these factors leave valuations sensitive to sentiment and reliant on execution/improved monetization. MarketBeat RUM profile

Hedge Funds Weigh In On Rumble

Several institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Rumble during the third quarter worth $28,000. Mather Group LLC. purchased a new stake in shares of Rumble during the 3rd quarter worth about $43,000. CWM LLC grew its position in shares of Rumble by 41.9% during the 2nd quarter. CWM LLC now owns 6,238 shares of the company’s stock valued at $56,000 after acquiring an additional 1,843 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Rumble in the 2nd quarter valued at about $72,000. Finally, Russell Investments Group Ltd. purchased a new position in Rumble during the third quarter worth approximately $72,000. 26.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Rumble in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rumble currently has a consensus rating of “Reduce” and a consensus price target of $8.00.

About Rumble

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.