Robert Arsov Sells 35,000 Shares of Rumble Inc. (NASDAQ:RUM) Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 35,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $6.85, for a total transaction of $239,750.00. Following the completion of the sale, the director now directly owns 15,208,902 shares in the company, valued at $104,180,978.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 1st, Robert Arsov sold 35,012 shares of Rumble stock. The stock was sold at an average price of $6.70, for a total transaction of $234,580.40.
• On Thursday, April 4th, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.72, for a total value of $235,200.00.
• On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The stock was sold at an average price of $7.21, for a total value of $288,400.00.

Rumble Stock Up 2.9 %

Shares of NASDAQ RUM opened at $6.98 on Friday. The firm’s 50-day moving average price is $7.01 and its 200-day moving average price is $5.86. Rumble Inc. has a 52-week low of $3.33 and a 52-week high of $11.25. The company has a market cap of $2.69 billion, a PE ratio of -12.25 and a beta of 0.88.

Rumble (NASDAQ:RUM) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.08. The business had revenue of $20.39 million during the quarter, compared to the consensus estimate of $28.13 million. Rumble had a negative net margin of 143.79% and a negative return on equity of 38.52%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. As a group, equities research analysts anticipate that Rumble Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Rumble in a research report on Thursday, March 28th.

Hedge Funds Weigh In On Rumble

Institutional investors have recently made changes to their positions in the business. Signaturefd LLC bought a new position in Rumble in the fourth quarter worth approximately $32,000. Principal Securities Inc. bought a new stake in Rumble during the fourth quarter valued at about $32,000. Global Retirement Partners LLC raised its stake in shares of Rumble by 1,100.0% in the first quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock worth $48,000 after buying an additional 5,500 shares during the period. Solano Wealth Management Inc. purchased a new position in shares of Rumble during the 3rd quarter valued at about $51,000. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Rumble by 1,270.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock valued at $55,000 after acquiring an additional 6,350 shares during the period. Institutional investors own 26.15% of the company’s stock.

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.