Director Robert Arsov Sells 30,000 Shares of Rumble Inc (RUM) - Stockxpo - Grow more with Investors, Traders, Analyst and Research

Director Robert Arsov Sells 30,000 Shares of Rumble Inc (RUM)

On November 6, 2024, Robert Arsov, a Director at Rumble Inc (RUM, Financial), sold 30,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 12,517,337 shares of Rumble Inc.

Rumble Inc operates as a video platform company, providing creators a space to host, manage, distribute, create, and monetize their content. The company has been a popular choice among content creators who seek alternatives to traditional platforms.

The shares were sold at a price of $5.93, valuing the transaction at $177,900. This sale has adjusted the insider’s stake in the company significantly, yet the insider still retains a substantial number of shares.

Over the past year, Robert Arsov has sold a total of 970,012 shares of Rumble Inc and has not made any purchases of the stock. This latest transaction continues a trend of sales by the insider, reflecting a consistent pattern of share disposals over the period.

The overall insider transaction history for Rumble Inc shows a total of 22 insider sales and no insider buys over the past year. This could be indicative of sentiment among the company’s insiders, as they seem to be reducing their positions in the stock.

As of the latest sale, Rumble Inc has a market cap of approximately $1.65 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 details on the company’s financial standing and valuation.

For more insights into the stock’s valuation, the GF Value can provide an estimate of the intrinsic value based on historical multiples, adjusted for growth estimates.

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This insider selling trend at Rumble Inc is something investors might consider while reviewing the company’s stock performance and deciding on their investment strategies.

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.

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