Barclays PLC Increases Stock Position in Rumble Inc. (NASDAQ:RUM)

Barclays PLC grew its position in shares of Rumble Inc. (NASDAQ:RUM) by 663.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,559 shares of the company’s stock after purchasing an additional 11,784 shares during the quarter. Barclays PLC’s holdings in Rumble were worth $72,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in RUM. Geode Capital Management LLC boosted its stake in shares of Rumble by 14.5% during the third quarter. Geode Capital Management LLC now owns 1,035,718 shares of the company’s stock worth $5,553,000 after buying an additional 130,956 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Rumble by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 478,317 shares of the company’s stock worth $2,564,000 after acquiring an additional 24,879 shares during the period. MML Investors Services LLC purchased a new position in shares of Rumble in the 3rd quarter valued at approximately $185,000. Janus Henderson Group PLC acquired a new position in shares of Rumble in the third quarter valued at approximately $184,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rumble by 20.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,962 shares of the company’s stock worth $166,000 after purchasing an additional 5,348 shares during the last quarter. Institutional investors and hedge funds own 26.15% of the company’s stock.

Insider Activity

In other Rumble news, Director Robert Arsov sold 27,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $5.83, for a total transaction of $160,325.00. Following the sale, the director now owns 12,604,837 shares in the company, valued at approximately $73,486,199.71. This represents a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 114,988 shares of company stock worth $701,617 over the last 90 days. 70.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on RUM. Wedbush reiterated a “neutral” rating and issued a $8.00 price objective on shares of Rumble in a research report on Wednesday, November 13th. Maxim Group began coverage on shares of Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price target for the company.

Rumble Stock Performance

Rumble stock opened at $13.61 on Friday. Rumble Inc. has a one year low of $4.92 and a one year high of $17.40. The company has a market cap of $5.30 billion, a P/E ratio of -21.60 and a beta of 0.52. The business has a fifty day moving average of $9.86 and a two-hundred day moving average of $7.25.

Rumble (NASDAQ:RUM) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The company had revenue of $25.06 million for the quarter, compared to analysts’ expectations of $29.25 million. During the same period in the prior year, the firm posted ($0.14) EPS. Sell-side analysts predict that Rumble Inc. will post -0.62 EPS for the current year.

Rumble 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.