Rumble Inc. (NASDAQ:RUM) CTO Sells $1,980,000.00 in Stock

Rumble Inc. (NASDAQ:RUMGet Free Report) CTO Wojciech Hlibowicki sold 275,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.20, for a total value of $1,980,000.00. Following the completion of the transaction, the chief technology officer now directly owns 31,776 shares of the company’s stock, valued at $228,787.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Rumble Stock Performance

Shares of NASDAQ RUM opened at $7.32 on Wednesday. The stock has a market cap of $2.83 billion, a PE ratio of -12.84 and a beta of 0.82. The business has a fifty day moving average of $7.20 and a two-hundred day moving average of $5.64. Rumble Inc. has a 52-week low of $3.33 and a 52-week high of $11.25.

Rumble (NASDAQ:RUMGet Free Report) last issued its quarterly earnings data 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 return on equity of 38.52% and a negative net margin of 143.79%. The company had revenue of $20.39 million during the quarter, compared to analysts’ expectations of $28.13 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Analysts predict that Rumble Inc. will post -0.58 earnings per share for the current year.

Institutional Trading of Rumble

A number of hedge funds and other institutional investors have recently made changes to their positions in RUM. Signaturefd LLC acquired a new stake in shares of Rumble in the fourth quarter valued at $32,000. Principal Securities Inc. acquired a new stake in shares of Rumble in the fourth quarter valued at $32,000. Solano Wealth Management Inc. acquired a new stake in shares of Rumble in the third quarter valued at $51,000. Red Door Wealth Management LLC acquired a new stake in shares of Rumble in the third quarter valued at $53,000. Finally, Harbour Investments Inc. increased its stake in shares of Rumble by 11.4% in the fourth quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock valued at $67,000 after buying an additional 1,540 shares in the last quarter. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Get Our Latest Research Report on RUM

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 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. It also operates locals.com, a subscription platform for creators and subscribers to engage through VOD, podcasts, live chat, polls, and community discussions; and Rumble Advertising Center (RAC), an online advertising management exchange.

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