Jones Financial Companies Lllp Has $104,000 Stock Holdings in Rumble Inc. (NASDAQ:RUM)

Jones Financial Companies Lllp lifted its stake in shares of Rumble Inc. (NASDAQ:RUM) by 423.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,003 shares of the company’s stock after buying an additional 6,473 shares during the quarter. Jones Financial Companies Lllp’s holdings in Rumble were worth $104,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Rumble during the fourth quarter worth $340,000. Bank of New York Mellon Corp raised its stake in Rumble by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 13,396 shares of the company’s stock worth $174,000 after purchasing an additional 1,510 shares in the last quarter. IFP Advisors Inc raised its stake in Rumble by 70.9% in the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 830 shares in the last quarter. Sigma Planning Corp raised its stake in Rumble by 17.8% in the 4th quarter. Sigma Planning Corp now owns 26,332 shares of the company’s stock worth $343,000 after purchasing an additional 3,985 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Rumble in the fourth quarter valued at approximately $78,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Maxim Group started coverage on shares of Rumble in a research report on Wednesday, January 15th. They issued a “buy” rating and a $20.00 price target for the company.

Rumble Stock Up 6.1 %

Shares of Rumble stock opened at $8.03 on Friday. The firm’s 50-day moving average price is $11.02 and its two-hundred day moving average price is $8.36. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -12.75 and a beta of 0.56. Rumble Inc. has a 12-month low of $4.92 and a 12-month high of $17.40.

Insider Buying and Selling

In related news, CFO Brandon Alexandroff sold 6,828,420 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $51,213,150.00. Following the completion of the sale, the chief financial officer now directly owns 64,210 shares in the company, valued at $481,575. This represents a 99.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Wojciech Hlibowicki sold 3,817,165 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $28,628,737.50. Following the completion of the transaction, the chief technology officer now directly owns 4,592 shares of the company’s stock, valued at $34,440. This trade represents a 99.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,104,017 shares of company stock worth $308,280,128. Corporate 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.