Insider Selling: Rumble Inc. (NASDAQ:RUM) Director Sells $153,725.00 in Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $5.59, for a total value of $153,725.00. Following the completion of the transaction, the director now directly owns 14,769,837 shares of the company’s stock, valued at approximately $82,563,388.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.57, for a total value of $153,175.00.
• On Monday, August 5th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.87, for a total transaction of $161,425.00.
• On Thursday, August 1st, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.12, for a total transaction of $183,600.00.
• On Friday, July 5th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.59, for a total transaction of $153,725.00.
• On Wednesday, July 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.76, for a total transaction of $158,400.00.
• 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.

Rumble Price Performance

Shares of RUM traded up $0.04 during trading hours on Thursday, hitting $5.59. The stock had a trading volume of 459,274 shares, compared to its average volume of 3,353,999. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -8.80 and a beta of 0.77. The company’s fifty day moving average is $6.07 and its two-hundred day moving average is $6.51. Rumble Inc. has a 52 week low of $3.33 and a 52 week high of $9.20.

Institutional Trading of Rumble

Large investors have recently added to or reduced their stakes in the company. TCP Asset Management LLC boosted its holdings in shares of Rumble by 21.3% in the 1st quarter. TCP Asset Management LLC now owns 28,520 shares of the company’s stock worth $230,000 after acquiring an additional 5,000 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in Rumble in the 2nd quarter valued at $30,000. Global Retirement Partners LLC raised its position in Rumble by 1,100.0% in the 1st quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock valued at $48,000 after purchasing an additional 5,500 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Rumble by 1,270.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock worth $55,000 after purchasing an additional 6,350 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Rumble during the fourth quarter worth $32,000. 26.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Rumble in a research note on Tuesday, August 13th.

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.