On September 6, 2024, Robert Arsov, a Director at Rumble Inc (RUM, Financial), sold 27,500 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 14,742,337 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 $5.23, valuing the transaction at approximately $143,825. The sale occurred when Rumble Inc's market cap was approximately $1.439 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 745,012 shares of Rumble Inc, without purchasing any new shares. This latest transaction continues a trend seen across the company, where there have been 18 insider sells and no insider buys over the same period.
For more detailed valuation, investors might consider looking at Rumble Inc's GF Value to determine if the stock is trading at a fair valuation.
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