On October 4, 2024, Robert Arsov, a Director at Rumble Inc (RUM, Financial), executed a sale of 27,500 shares of the company, according to the SEC Filing. The transaction occurred at a stock price of $5.31, totaling approximately $146,025. Following this transaction, the insider now owns 12,632,337 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 that enforce strict content policies.
Over the past year, the insider transaction history at Rumble Inc shows a trend of more sales than purchases among insiders. Specifically, there have been 20 insider sales and no insider buys. The insider, Robert Arsov, has been particularly active, selling a total of 855,012 shares and purchasing none within the last year.
The shares of Rumble Inc were trading at $5.31 on the day of the transaction, giving the company a market cap of approximately $1.52 billion. This valuation reflects the market's current assessment of the company, which can be further explored through various metrics such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
For a deeper understanding of Rumble Inc's valuation, investors might consider the GF Value, which provides an estimate of the intrinsic value based on historical multiples, adjusted for growth and other factors.
This recent sale by the insider could be of interest to current and potential investors, as insider transactions can provide insights into how the company's top executives view the stock's value and future prospects.
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.
