SG Americas Securities LLC Sells 1,934 Shares of Rumble Inc. (NASDAQ:RUM)

SG Americas Securities LLC reduced its holdings in Rumble Inc. (NASDAQ:RUM) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,381 shares of the company’s stock after selling 1,934 shares during the period. SG Americas Securities LLC’s holdings in Rumble were worth $135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Gleason Group Inc. bought a new stake in Rumble in the 4th quarter valued at $212,000. Virtu Financial LLC bought a new position in shares of Rumble in the third quarter worth $70,000. Barclays PLC lifted its holdings in shares of Rumble by 663.9% during 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 during the period. Geode Capital Management LLC increased its stake in shares of Rumble by 14.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,035,718 shares of the company’s stock valued at $5,553,000 after purchasing an additional 130,956 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in shares of Rumble in the third quarter worth about $185,000. Institutional investors own 26.15% of the company’s stock.

Rumble Price Performance

Shares of RUM opened at $12.25 on Tuesday. Rumble Inc. has a 1 year low of $4.92 and a 1 year high of $17.40. The stock’s fifty day moving average price is $11.22 and its two-hundred day moving average price is $7.74. The firm has a market cap of $4.77 billion, a PE ratio of -19.44 and a beta of 0.50.

Rumble (NASDAQ:RUM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $25.06 million during the quarter, compared to the consensus estimate 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 previous year, the business earned ($0.14) earnings per share. Sell-side analysts anticipate that Rumble Inc. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Robert Arsov sold 29,988 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 12,487,349 shares of the company’s stock, valued at approximately $86,162,708.10. This represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 70.10% of the stock is owned by corporate insiders.

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.