On June 4, 2024, Robert Arsov, a Director at Rumble Inc (RUM, Financial), executed a sale of 60,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 15,113,902 shares of Rumble Inc.
Rumble Inc operates as a video-sharing platform, providing content creators a space to distribute and monetize their video content. The company has been a popular choice among creators seeking alternatives to traditional platforms that enforce strict content policies.
The shares were sold at a price of $6.05, valuing the transaction at approximately $363,000. This sale has adjusted the insider's stake in the company significantly, yet the insider retains a substantial number of shares.
Over the past year, Robert Arsov has sold a total of 350,012 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of sales by insiders at Rumble Inc, with a total of 11 insider sales and no insider buys reported over the same period.
The current market cap of Rumble Inc stands at approximately $1.67 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 health and market position.
For a visual representation of insider trends, refer to the following image:
![1798354237319704576.png](https://userupload.gurufocus.com/1798354237319704576.png)
This insider sale might be of interest to investors tracking insider behaviors or those analyzing the financial stability and future prospects of Rumble Inc.
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