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Director Robert Arsov Sells 80,000 Shares of Rumble Inc (RUM)

GuruFocus Research
·1 min read

According to a recent SEC filing, Director Robert Arsov has sold 80,000 shares of Rumble Inc (NASDAQ:RUM) on April 3, 2024. The transaction was executed at an average price of $7.1 per share, resulting in a total value of $568,000.

Rumble Inc (NASDAQ:RUM) is a video platform company that provides video creators a way to host, manage, distribute, create, and monetize their content. The company operates in a competitive digital media space where content creators seek platforms that offer better monetization and less restrictive policies compared to traditional social media and video hosting services.

Over the past year, Robert Arsov has engaged in the sale of 80,000 shares and has not made any purchases of the company's stock. The insider's recent sale represents a significant transaction and is part of a broader trend observed within the company.

Insider Trends

The insider transaction history for Rumble Inc (NASDAQ:RUM) indicates a pattern of insider sales over the past year, with 6 recorded insider sells and no insider buys. This trend can be visualized in the following insider trend image.

Director Robert Arsov Sells 80,000 Shares of Rumble Inc (RUM)
Director Robert Arsov Sells 80,000 Shares of Rumble Inc (RUM)

Valuation

On the date of the insider's recent sale, shares of Rumble Inc (NASDAQ:RUM) were trading at $7.1 each. The company's market capitalization stood at $1.889 billion, reflecting its valuation in the stock market.

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The data provided in this article is based on the latest SEC filings and market information available as of the knowledge cutoff date. It is intended to inform readers of significant insider transactions and trends related to Rumble Inc (NASDAQ:RUM).

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.

This article first appeared on GuruFocus.