Rumble Inc. (NASDAQ:RUM) Shares Purchased by Barclays PLC

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

Other institutional investors also recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in shares of Rumble during the second quarter worth about $30,000. Bank of New York Mellon Corp purchased a new stake in Rumble during the 2nd quarter valued at approximately $66,000. RIA Advisory Group LLC acquired a new stake in Rumble during the 3rd quarter worth approximately $81,000. Arizona State Retirement System purchased a new position in shares of Rumble in the 2nd quarter valued at approximately $91,000. Finally, Cypress Point Wealth Management LLC acquired a new position in shares of Rumble in the third quarter valued at approximately $98,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rumble

In other Rumble news, Director Robert Arsov sold 29,988 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.90, for a total value of $206,917.20. Following the completion of the transaction, the director now directly owns 12,487,349 shares in the company, valued at approximately $86,162,708.10. The trade was a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 114,988 shares of company stock valued at $701,617 over the last three months. 72.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Rumble Trading Down 12.3 %

RUM stock opened at $11.65 on Friday. The firm has a 50 day moving average of $8.70 and a 200-day moving average of $6.81. The company has a market cap of $4.54 billion, a price-to-earnings ratio of -18.49 and a beta of 0.52. Rumble Inc. has a 12-month low of $3.33 and a 12-month high of $17.40.

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 the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $25.06 million for the quarter, compared to analyst estimates of $29.25 million. Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. During the same period last year, the firm earned ($0.14) EPS. Sell-side analysts forecast that Rumble Inc. will post -0.62 earnings per share for the current fiscal 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.