14,032 Shares in Rumble Inc. (NASDAQ:RUM) Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new position in shares of Rumble Inc. (NASDAQ:RUM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,032 shares of the company’s stock, valued at approximately $183,000.

Several other large investors have also bought and sold shares of the stock. Spire Wealth Management bought a new position in Rumble during the 4th quarter worth $159,000. Stonegate Investment Group LLC bought a new position in shares of Rumble in the 4th quarter worth about $130,000. Gleason Group Inc. bought a new position in shares of Rumble in the 4th quarter worth about $212,000. Virtu Financial LLC bought a new position in shares of Rumble in the 3rd quarter worth about $70,000. Finally, Barclays PLC raised its position in shares of Rumble by 663.9% in the 3rd quarter. Barclays PLC now owns 13,559 shares of the company’s stock worth $72,000 after acquiring an additional 11,784 shares in the last quarter. 26.15% of the stock is owned by institutional investors.

Rumble Stock Performance

RUM stock opened at $11.52 on Friday. The company has a market capitalization of $4.49 billion, a P/E ratio of -18.29 and a beta of 0.50. Rumble Inc. has a 52-week low of $4.92 and a 52-week high of $17.40. The business has a 50-day simple moving average of $11.56 and a two-hundred day simple moving average of $7.86.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on RUM shares. Maxim Group started coverage on Rumble in a research report on Wednesday, January 15th. They issued a “buy” rating and a $20.00 price objective for the company. Wedbush reissued a “neutral” rating and issued a $8.00 price objective on shares of Rumble in a research report on Wednesday, November 13th.

Insider Buying and Selling at Rumble

In other news, CEO Christopher Pavlovski sold 354,849 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $2,661,367.50. Following the transaction, the chief executive officer now owns 522,927 shares in the company, valued at $3,921,952.50. The trade was a 40.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ryan Milnes sold 24,978,210 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $187,336,575.00. Following the completion of the transaction, the director now owns 57,290 shares in the company, valued at $429,675. The trade was a 99.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,134,005 shares of company stock worth $308,487,045. Insiders own 70.10% 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.