GuruFocus - On August 6, 2024, Robert Arsov, a Director at Rumble Inc (NASDAQ:RUM), sold 27,500 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 14,852,337 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 $5.8 each, valuing the transaction at $159,500. This sale is part of a broader pattern observed over the past year, where the insider has sold a total of 635,012 shares and made no purchases. The company's market cap stands at approximately $1.653 billion as of the last trading session.
Over the past year, there have been no insider buys at Rumble Inc, but there have been 16 insider sells. This trend in insider activity can often provide insights into the company's operational status and stock valuation.
For investors considering Rumble Inc's stock, it may be useful to look at various valuation metrics. The company's price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow are important indicators that can help assess whether the current stock price reflects the company's potential future earnings and cash flow.
For a deeper analysis, investors might also consider the GF Value, which provides an estimate of the intrinsic value of a stock based on historical multiples, adjusted for expected growth rates and other factors.
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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