Gleason Group Inc. Takes $212,000 Position in Rumble Inc. (NASDAQ:RUM)

Gleason Group Inc. bought a new stake in Rumble Inc. (NASDAQ:RUM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,322 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of Rumble in the 2nd quarter valued at approximately $66,000. Arizona State Retirement System bought a new position in shares of Rumble during the second quarter worth about $91,000. Redwood Wealth Management Group LLC acquired a new position in Rumble in the second quarter worth about $30,000. Total Clarity Wealth Management Inc. bought a new stake in Rumble in the second quarter valued at about $161,000. Finally, Cypress Point Wealth Management LLC acquired a new stake in Rumble during the third quarter valued at approximately $98,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

Insiders Place Their Bets

In other Rumble news, Director Robert Arsov sold 27,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.69, for a total transaction of $156,475.00. Following the sale, the director now directly owns 12,577,337 shares of the company’s stock, valued at approximately $71,565,047.53. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 114,988 shares of company stock worth $701,617 over the last 90 days. Corporate insiders own 72.90% of the company’s stock.

Rumble Price Performance

Shares of NASDAQ RUM opened at $10.92 on Tuesday. Rumble Inc. has a one year low of $3.37 and a one year high of $17.40. The business’s 50-day moving average price is $8.90 and its two-hundred day moving average price is $6.90. The company has a market capitalization of $4.25 billion, a P/E ratio of -17.33 and a beta of 0.52.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $25.06 million for the quarter, compared to analyst estimates 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 company posted ($0.14) EPS. On average, equities analysts anticipate that Rumble Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

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

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.