Rumble Target of Unusually Large Options Trading (NASDAQ:RUM)

Rumble Inc. (NASDAQ:RUM) saw some unusual options trading activity on Monday. Investors bought 26,143 call options on the stock. This is an increase of 182% compared to the average volume of 9,260 call options.

Insider Activity at Rumble

In other Rumble news, Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $5.12, for a total value of $140,800.00. Following the completion of the transaction, the director now owns 12,659,837 shares of the company’s stock, valued at approximately $64,818,365.44. The trade was 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 hyperlink. In the last ninety days, insiders have sold 169,988 shares of company stock valued at $986,517. 72.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Rumble in the 3rd quarter worth approximately $70,000. Barclays PLC boosted its position in shares of Rumble by 663.9% during the 3rd quarter. Barclays PLC now owns 13,559 shares of the company’s stock valued at $72,000 after acquiring an additional 11,784 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Rumble by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,035,718 shares of the company’s stock valued at $5,553,000 after acquiring an additional 130,956 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Rumble in the third quarter valued at $185,000. Finally, Janus Henderson Group PLC bought a new stake in Rumble in the third quarter worth $184,000. Institutional investors own 26.15% of the company’s stock.

Rumble Price Performance

NASDAQ:RUM opened at $12.68 on Wednesday. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -20.13 and a beta of 0.81. The business has a fifty day moving average price of $6.76 and a 200-day moving average price of $6.12. Rumble has a one year low of $3.33 and a one year high of $15.27.

Rumble (NASDAQ:RUM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $25.06 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned ($0.14) EPS. On average, equities research analysts expect that Rumble will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and issued a $8.00 target price on shares of Rumble in a research report on Wednesday, November 13th.

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.