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.

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Rumble Company Profile

(Get Free Report)

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates, 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, 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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