Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 27,500 Shares of Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $5.59, for a total value of $153,725.00. Following the completion of the transaction, the director now owns 14,769,837 shares in the company, valued at approximately $82,563,388.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Robert Arsov also recently made the following trade(s):

• On Tuesday, September 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.57, for a total value of $153,175.00.
• On Monday, August 5th, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.87, for a total value of $161,425.00.
• On Thursday, August 1st, Robert Arsov sold 30,000 shares of Rumble stock. The stock was sold at an average price of $6.12, for a total transaction of $183,600.00.
• On Friday, July 5th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.59, for a total transaction of $153,725.00.
• On Wednesday, July 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.76, for a total transaction of $158,400.00.
• On Monday, July 1st, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.61, for a total value of $154,275.00.

Rumble Stock Performance

Shares of Rumble stock traded up $0.04 on Thursday, reaching $5.59. The stock had a trading volume of 459,274 shares, compared to its average volume of 3,353,999. The business’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $6.51. The stock has a market cap of $2.17 billion, a P/E ratio of -8.80 and a beta of 0.77. Rumble Inc. has a fifty-two week low of $3.33 and a fifty-two week high of $9.20.

Analyst Ratings Changes

Separately, Wedbush reissued a “neutral” rating and issued a $8.00 price objective on shares of Rumble in a research note on Tuesday, August 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. TCP Asset Management LLC lifted its holdings in shares of Rumble by 21.3% during the first quarter. TCP Asset Management LLC now owns 28,520 shares of the company’s stock worth $230,000 after buying an additional 5,000 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in Rumble during the second quarter worth $30,000. Global Retirement Partners LLC raised its stake in Rumble by 1,100.0% during the 1st quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock valued at $48,000 after purchasing an additional 5,500 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Rumble by 1,270.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock valued at $55,000 after purchasing an additional 6,350 shares during the period. Finally, Principal Securities Inc. acquired a new stake in Rumble in the 4th quarter worth $32,000. Institutional investors own 26.15% of the company’s stock.

About Rumble

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.