NASDAQ:RUM - Get Free Report ) Director David O. Sacks sold 133,896 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.45, for a total value of $863,629.20. Following the completion of the sale, the director now owns 3,390 shares of the company's stock, valued at approximately $21,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
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Rumble Stock Up 1.6 % RUM stock traded up $0.10 on Monday, reaching $6.53. 1,536,515 shares of the company's stock were exchanged, compared to its average volume of 6,521,029. The stock has a fifty day moving average of $7.27 and a 200-day moving average of $5.66. Rumble Inc. has a twelve month low of $3.33 and a twelve month high of $11.25. The firm has a market cap of $2.52 billion, a PE ratio of -11.46 and a beta of 0.82.
Rumble (NASDAQ:RUM - Get Free Report ) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping 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 firm had revenue of $20.39 million for the quarter, compared to analyst estimates of $28.13 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Rumble's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Rumble Inc. will post -0.64 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth Separately, Oppenheimer restated a "market perform" rating on shares of Rumble in a research note on Thursday, March 28th.
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Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of RUM. BlackRock Inc. grew its holdings in Rumble by 430.6% during the first quarter. BlackRock Inc. now owns 1,541,934 shares of the company's stock worth $15,419,000 after acquiring an additional 1,251,322 shares during the period. Ameriprise Financial Inc. acquired a new stake in Rumble in the third quarter valued at $5,042,000. Geode Capital Management LLC grew its holdings in Rumble by 543.5% in the first quarter. Geode Capital Management LLC now owns 900,101 shares of the company's stock valued at $9,001,000 after purchasing an additional 760,223 shares during the last quarter. State Street Corp grew its holdings in Rumble by 236.7% in the second quarter. State Street Corp now owns 946,213 shares of the company's stock valued at $8,440,000 after purchasing an additional 665,213 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Rumble in the first quarter valued at $5,040,000. Institutional investors and hedge funds own 26.15% of the company's stock.
About Rumble (
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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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