HighPoint Advisor Group LLC Buys Shares of 111,103 Rumble Inc. (NASDAQ:RUM)

HighPoint Advisor Group LLC bought a new stake in Rumble Inc. (NASDAQ:RUM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 111,103 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of Rumble during the 4th quarter worth approximately $32,000. Signaturefd LLC bought a new stake in shares of Rumble during the 4th quarter worth approximately $32,000. Daiwa Securities Group Inc. bought a new stake in shares of Rumble during the 4th quarter worth approximately $80,000. Focus Financial Network Inc. ADV bought a new stake in shares of Rumble during the 4th quarter worth approximately $101,000. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Rumble during the 4th quarter worth approximately $152,000. Institutional investors own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer reiterated a “market perform” rating on shares of Rumble in a research note on Thursday, March 28th.

Rumble Trading Down 1.9 %

RUM stock opened at $5.57 on Thursday. The firm has a market capitalization of $2.16 billion, a PE ratio of -8.70 and a beta of 0.81. Rumble Inc. has a 1-year low of $3.33 and a 1-year high of $9.56. The business’s 50 day simple moving average is $6.51 and its 200 day simple moving average is $6.24.

Rumble (NASDAQ:RUM) last posted its earnings results on Tuesday, May 14th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The business had revenue of $17.73 million for the quarter, compared to analyst estimates of $18.27 million. Rumble had a negative return on equity of 46.51% and a negative net margin of 161.62%. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, sell-side analysts predict that Rumble Inc. will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Rumble news, Director Robert Arsov sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $7.21, for a total value of $288,400.00. Following the transaction, the director now directly owns 15,423,914 shares of the company’s stock, valued at approximately $111,206,419.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Rumble news, Director Robert Arsov sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $7.21, for a total value of $288,400.00. Following the transaction, the director now directly owns 15,423,914 shares of the company’s stock, valued at approximately $111,206,419.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brandon Alexandroff sold 900,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.00, for a total value of $6,300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 31,776 shares in the company, valued at $222,432. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,848,908 shares of company stock valued at $12,902,510. 72.90% of the stock is owned by insiders.

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.