On November 5, 2024, Robert Arsov, a Director at Rumble Inc (RUM, Financial), executed a sale of 85,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 12,547,337 shares of Rumble Inc.
Rumble Inc operates as a video platform company, providing creators with distribution, monetization, and discovery of content. The company has been a popular choice among content creators who seek alternatives to traditional video platforms.
The shares were sold at a price of $5.81 each, valuing the transaction at approximately $493,850. This sale is part of a broader trend observed over the past year, where the insider has sold a total of 940,012 shares. Notably, the insider has not made any share purchases during this period.
The overall insider transaction history for Rumble Inc shows a pattern of more sales than purchases. Over the last year, there have been 21 insider sales and no insider buys. This could be indicative of the insider’s perspective on the stock’s valuation or future prospects.
As of the date of the recent transaction, Rumble Inc has a market cap of approximately $1.69 billion. The stock’s valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are accessible for further insights into its market performance.
The following insider trend image provides a visual representation of the recent insider transactions at Rumble Inc:
For more detailed information on the stock’s valuation, investors may refer to the GF Value of Rumble Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
