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

Rumble Inc. (NASDAQ:RUMGet Free Report) 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:RUMGet Free Report) 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.

Check Out Our Latest Analysis on Rumble

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.

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Insider Buying and Selling by Quarter for Rumble (NASDAQ:RUM)

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