Rumble (RUM) to Release Quarterly Earnings on Wednesday

Rumble (NASDAQ:RUM) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Rumble Stock Performance

Shares of NASDAQ RUM opened at $7.74 on Monday. The stock has a 50 day moving average price of $10.58 and a 200 day moving average price of $8.45. The stock has a market capitalization of $3.02 billion, a PE ratio of -12.29 and a beta of 0.56. Rumble has a 52 week low of $4.92 and a 52 week high of $17.38.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Christopher Pavlovski sold 354,849 shares of the stock in a transaction 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 sale, the chief executive officer now owns 522,927 shares in the company, valued at approximately $3,921,952.50. This represents a 40.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Wojciech Hlibowicki sold 3,817,165 shares of Rumble stock in a transaction on 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 transaction, the chief technology officer now directly owns 4,592 shares of the company’s stock, valued at approximately $34,440. This trade represents a 99.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,104,017 shares of company stock valued at $308,280,128. 70.10% of the stock is owned by company insiders.

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.