Rumble Inc. (NASDAQ:RUM) COO Sells $2,345,452.50 in Stock

Rumble Inc. (NASDAQ:RUM) COO Tyler Hughes sold 312,727 shares of Rumble stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $2,345,452.50. Following the completion of the transaction, the chief operating officer now owns 65,127 shares of the company’s stock, valued at $488,452.50. This trade represents a 82.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Rumble Price Performance

NASDAQ RUM opened at $10.79 on Thursday. The company has a fifty day moving average of $11.41 and a two-hundred day moving average of $7.82. Rumble Inc. has a 1 year low of $4.92 and a 1 year high of $17.40. The company has a market capitalization of $4.21 billion, a PE ratio of -17.13 and a beta of 0.50.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The firm had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $29.25 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. On average, research analysts expect that Rumble Inc. will post -0.62 earnings per share for the current year.

Institutional Trading of Rumble

A number of large investors have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in Rumble by 70.9% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 830 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Rumble by 50.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company’s stock worth $38,000 after buying an additional 980 shares during the period. Virtu Financial LLC purchased a new position in shares of Rumble during the third quarter worth about $70,000. Barclays PLC increased its position in Rumble by 663.9% in the 3rd quarter. Barclays PLC now owns 13,559 shares of the company’s stock valued at $72,000 after acquiring an additional 11,784 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Rumble during the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on RUM shares. Maxim Group began coverage on Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price target on the stock. Wedbush reiterated a “neutral” rating and issued a $8.00 price objective on shares of Rumble in a report on Wednesday, November 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.