--- title: "Rumble (NASDAQ:RUM) Shares Down 7% After Insider Selling" description: "Rumble Inc. (NASDAQ:RUM) shares fell by 7% after insider sales by Director Robert Arsov, who sold a total of 55,000 shares at an average price of .58. The stock's trading volume dropped to 342,663, a " type: "news" locale: "en" url: "https://longbridge.com/en/news/213695770.md" published_at: "2024-09-06T15:48:25.000Z" --- # Rumble (NASDAQ:RUM) Shares Down 7% After Insider Selling > Rumble Inc. (NASDAQ:RUM) shares fell by 7% after insider sales by Director Robert Arsov, who sold a total of 55,000 shares at an average price of .58. The stock's trading volume dropped to 342,663, a decline of 90% from the average of 3.3 million. Analysts from Wedbush maintained a "neutral" rating with a price target of .00. Rumble reported disappointing earnings in its recent quarterly results. Hedge funds own 26.15% of the stock, highlighting institutional interest despite the declining share value. Rumble Inc. (NASDAQ:RUM - Get Free Report) fell 7% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $5.20 and last traded at $5.20. 342,663 shares were traded during trading, a decline of 90% from the average session volume of 3,336,492 shares. The stock had previously closed at $5.59. - Rumble Stock Gets Ready to Rumble in its Second Quarter Specifically, Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $5.59, for a total transaction of $153,725.00. Following the transaction, the director now owns 14,769,837 shares of the company's stock, valued at $82,563,388.83. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Arsov sold 27,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $5.57, for a total value of $153,175.00. Following the completion of the sale, the director now directly owns 14,824,837 shares of the company's stock, valued at $82,574,342.09. The disclosure for this sale can be found here. ## Wall Street Analyst Weigh In Separately, Wedbush reiterated a "neutral" rating and issued a $8.00 price target on shares of Rumble in a research report on Tuesday, August 13th. - Is Rumble Revving Up for Growth or Just Sputtering? **View Our Latest Stock Analysis on RUM** ## Rumble Price Performance The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -8.28 and a beta of 0.77. The firm's 50 day moving average price is $6.07 and its two-hundred day moving average price is $6.51. - How and When to Roll Your Options Positions? Rumble (NASDAQ:RUM - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). The company had revenue of $22.47 million for the quarter, compared to analyst estimates of $19.69 million. Rumble had a negative return on equity of 54.31% and a negative net margin of 163.37%. On average, analysts anticipate that Rumble Inc. will post -0.55 earnings per share for the current year. ## Hedge Funds Weigh In On Rumble A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in Rumble in the second quarter valued at about $30,000. Global Retirement Partners LLC lifted its holdings in shares of Rumble by 1,100.0% in the 1st quarter. Global Retirement Partners LLC now owns 6,000 shares of the company's stock valued at $48,000 after buying an additional 5,500 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 6,350 shares during the period. Principal Securities Inc. purchased a new stake in shares of Rumble in the fourth quarter valued at approximately $32,000. Finally, LexAurum Advisors LLC acquired a new position in Rumble during the first quarter worth $81,000. 26.15% of the stock is currently owned by hedge funds and other institutional investors. ## 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. ## Recommended Stories - Five stocks we like better than Rumble - The 3 Best Blue-Chip Stocks to Buy Now - Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy? - With Risk Tolerance, One Size Does Not Fit All - Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors - Best Aerospace Stocks Investing - Why Analysts See Big Upside for Occidental Petroleum Despite Lows *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Biden's Successor: The Radical Threat to YOUR Savings! (From Golden Crest) (Ad)## Should you invest $1,000 in Rumble right now? Before you consider Rumble, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rumble wasn't on the list. While Rumble currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [RUM.US - Rumble](https://longbridge.com/en/quote/RUM.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Rumble 提交了關於 Northern Data 交易的草案註冊聲明 | Rumble Inc. 已向美國證券交易委員會（SEC）保密提交了一份關於與 Northern Data AG 擬議業務合併的 S-4 表格註冊聲明草案。這標誌着啓動交換要約程序的重要一步，更多細節將在 Rumble 於 2025 年 11 | [Link](https://longbridge.com/en/news/271698922.md) | | Rumble 公司任命 Greg Sherrill 為廣告銷售的首任總裁 | Rumble Inc. 任命 Greg Sherrill 為 Rumble Advertising 的首任銷售總裁。Sherrill 是廣告行業的資深領導者，曾在 Magnite、AT&T 和 Comcast 工作，將負責 Rumble 的 | [Link](https://longbridge.com/en/news/271657603.md) | | 泰達全球投資基金收購了 Rumble Inc 的普通股 | Tether 全球投資基金已收購 Rumble Inc.的 A 類普通股，具體情況在最近的備案中有所披露。其他受益所有者包括 Tether Investments 和 Giancarlo Devasini。完整備案可通過提供的鏈接訪問。此消 | [Link](https://longbridge.com/en/news/275187843.md) | | Rumble 與 Tether 合作推出集成加密錢包以支持創作者 | Rumble Inc. 與 Tether 合作推出 Rumble Wallet，這是一款集成在 Rumble 平台上的非託管加密錢包。它支持 Tether（USDT）、Tether Gold（XAUt）和比特幣（BTC），允許創作者以加密貨 | [Link](https://longbridge.com/en/news/271784416.md) | | Rumble 推出加密錢包系統以避開傳統支付系統 | Rumble 與 Tether 合作推出了一種新的數字錢包系統 “Rumble Wallet”，允許用户和創作者在平台上直接發送、接收和存儲加密貨幣，而無需傳統銀行。這項舉措旨在降低費用並增強財務獨立性，符合 Rumble 促進在線自由表達 | [Link](https://longbridge.com/en/news/271790840.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.