Rumble Inc. (NASDAQ:RUM - Get Free Report) Director Robert Arsov sold 35,012 shares of Rumble stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $6.70, for a total transaction of $234,580.40. Following the sale, the director now owns 15,278,902 shares in the company, valued at approximately $102,368,643.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Robert Arsov also recently made the following trade(s):
- On Friday, May 3rd, Robert Arsov sold 35,000 shares of Rumble stock. The shares were sold at an average price of $6.85, for a total transaction of $239,750.00.
- 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 transaction of $235,200.00.
- On Tuesday, April 2nd, Robert Arsov sold 40,000 shares of Rumble stock. The shares were sold at an average price of $7.21, for a total transaction of $288,400.00.
Rumble Trading Up 2.9 %
NASDAQ RUM opened at $6.98 on Friday. The stock has a 50 day moving average price of $7.00 and a 200-day moving average price of $5.84. Rumble Inc. has a one year low of $3.33 and a one year high of $11.25.
Biden to Drop BOMBSHELL June 13th?
From Paradigm Press | Ad
Biden’s days are numbered!
According to a former CIA and Pentagon insider…
He’s about to drop out of the presidential race on June 13th!
Click here now to see his shocking evidence.
Rumble (NASDAQ:RUM - Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.08. Rumble had a negative net margin of 143.79% and a negative return on equity of 38.52%. The company had revenue of $20.39 million for the quarter, compared to the consensus estimate of $28.13 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Rumble's revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that Rumble Inc. will post -0.64 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Oppenheimer reiterated a "market perform" rating on shares of Rumble in a research report on Thursday, March 28th.
Read Our Latest Stock Analysis on RUM
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in Rumble by 1,100.0% during the first quarter. Global Retirement Partners LLC now owns 6,000 shares of the company's stock worth $48,000 after acquiring an additional 5,500 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Rumble by 1,270.0% in the 1st 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 during the period. Principal Securities Inc. bought a new position in shares of Rumble during the 4th quarter valued at approximately $32,000. Signaturefd LLC bought a new position in shares of Rumble during the 4th quarter valued at approximately $32,000. Finally, Solano Wealth Management Inc. purchased a new stake in Rumble during the 3rd quarter valued at $51,000. Institutional investors own 26.15% of the company's stock.
Rumble Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
