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

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $5.76, for a total value of $158,400.00. Following the sale, the director now owns 14,994,837 shares of the company’s stock, valued at $86,370,261.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, July 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.61, for a total value of $154,275.00.
• On Wednesday, June 5th, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.06, for a total value of $181,800.00.
• On Monday, June 3rd, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.11, for a total transaction of $183,300.00.
• On Monday, May 6th, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.91, for a total transaction of $241,850.00.
• On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The stock was sold at an average price of $6.85, for a total transaction of $239,750.00.
• 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.

Rumble Stock Up 1.2 %

NASDAQ RUM traded up $0.07 on Wednesday, hitting $5.75. 488,992 shares of the stock were exchanged, compared to its average volume of 4,002,010. Rumble Inc. has a fifty-two week low of $3.33 and a fifty-two week high of $9.20. The company has a 50-day moving average price of $6.36 and a 200-day moving average price of $6.30. The company has a market cap of $2.23 billion, a PE ratio of -8.98 and a beta of 0.77.

Rumble (NASDAQ:RUM) last issued its earnings results on Tuesday, May 14th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The firm had revenue of $17.73 million during the quarter, compared to the consensus estimate of $18.27 million. Rumble had a negative net margin of 161.62% and a negative return on equity of 46.51%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, equities research analysts predict that Rumble Inc. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RUM. Signaturefd LLC purchased a new stake in Rumble in the fourth quarter valued at $32,000. HighPoint Advisor Group LLC acquired a new stake in shares of Rumble in the 4th quarter valued at about $499,000. Principal Securities Inc. acquired a new stake in shares of Rumble in the 4th quarter valued at about $32,000. PFG Advisors grew its stake in Rumble by 75.4% during the 4th quarter. PFG Advisors now owns 54,771 shares of the company’s stock worth $246,000 after buying an additional 23,540 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Rumble during the fourth quarter worth approximately $80,000. 26.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.