Have Insiders Sold Rumble Shares Recently?

Simply Wall St.04-06

Some Rumble Inc. (NASDAQ:RUM) shareholders may be a little concerned to see that the Independent Director, Robert Arsov, recently sold a substantial US$568k worth of stock at a price of US$7.10 per ...

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(NASDAQ:RUM) shareholders may be a little concerned to see that the Independent Director, Robert Arsov, recently sold a substantial US$568k worth of stock at a price of US$7.10 per ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/media/nasdaq-rum/rumble/news/have-insiders-sold-rumble-shares-recently\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Have Insiders Sold Rumble Shares Recently?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHave Insiders Sold Rumble Shares Recently?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-06 20:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/media/nasdaq-rum/rumble/news/have-insiders-sold-rumble-shares-recently><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some Rumble Inc. (NASDAQ:RUM) shareholders may be a little concerned to see that the Independent Director, Robert Arsov, recently sold a substantial US$568k worth of stock at a price of US$7.10 per ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/media/nasdaq-rum/rumble/news/have-insiders-sold-rumble-shares-recently\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RUM","symbol_name":"Rumble Inc.","start_time":0,"source_url":"https://simplywall.st/stocks/us/media/nasdaq-rum/rumble/news/have-insiders-sold-rumble-shares-recently","article_id":"2425450274","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4300003-choice1-main-header/1585186588101"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425450274","pubTimestamp":1712407432,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Some Rumble Inc. ( NASDAQ:RUM ) shareholders may be a little concerned to see that the Independent Director, Robert...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"RUM":"Rumble Inc.","BK4077":"互动媒体与服务"},"translate_title":"最近有内部人士卖出Rumble股票吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RUM":0.9},"content_text":"Some Rumble Inc. (NASDAQ:RUM) shareholders may be a little concerned to see that the Independent Director, Robert Arsov, recently sold a substantial US$568k worth of stock at a price of US$7.10 per share.    However, that sale only accounted for 0.5% of their holding, so arguably it doesn't say much about their conviction.      View our latest analysis for Rumble  The Last 12 Months Of Insider Transactions At Rumble   The Director, Ryan Milnes, made the biggest insider sale in the last 12 months. That single transaction was for US$5.1m worth of shares at a price of US$4.65 each.    So it's clear an insider wanted to take some cash off the table, even below the current price of US$6.43.  When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation.  However, while insider selling is sometimes discouraging, it's only a weak signal.   This single sale was just 50% of Ryan Milnes's stake.       Rumble insiders didn't buy any shares over the last year.    You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below.  If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! NasdaqGM:RUM Insider Trading Volume April 6th 2024 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.   Does Rumble Boast High Insider Ownership?  Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders.  I reckon it's a good sign if insiders own a significant number of shares in the company.   Rumble insiders own 71% of the company, currently worth about US$1.3b based on the recent share price.  I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.   So What Does This Data Suggest About Rumble Insiders?  An insider hasn't  bought Rumble stock in the last three months, but there was some selling.     Looking to the last twelve months, our data doesn't show any insider buying.    It is good to see high insider ownership, but the insider selling leaves us cautious.      In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Rumble.    Our analysis shows 3 warning signs for Rumble (1 shouldn't be ignored!) and we strongly recommend you look at these before investing.   Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.Valuation is complex, but we're helping make it simple.Find out whether Rumble is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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