Director Robert Arsov Sells 82,500 Shares of Rumble Inc (RUM)
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On September 5, 2024, Robert Arsov, a Director at Rumble Inc (NASDAQ:RUM), sold 82,500 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 14,769,837 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 $5.57, valuing the transaction at approximately $459,525. The sale occurred when Rumble Inc's market cap was approximately $1.583 billion. This price reflects the company's current price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
Over the past year, Robert Arsov has sold a total of 717,512 shares of Rumble Inc and has not made any purchases of the stock. This latest transaction continues a trend seen within the company, where there have been 17 insider sells and no insider buys over the past year.
For more detailed valuation, investors might consider looking at Rumble Inc's GF Value to determine if the stock is currently fairly valued, undervalued, or overvalued based on historical trading prices and other company financials.
This insider sell event provides current and potential investors with up-to-date information on insider activities, which could be a significant factor in making informed investment decisions regarding Rumble Inc (NASDAQ:RUM).
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