10 Stocks With At Least $20 Million In Insider Sales Recently

4. Rumble Inc. (NASDAQ:RUM)

Highest Individual Sale: $28,628,737.50

Number of Sales Above $20 million: 7

Market Capitalization: $2.69 billion

Fourth among stocks with big sales this year is Rubmble, a provider of video-sharing platforms in the U.S., Canada, and internationally. The Longboat Key, Florida-based company operates a free-to-use video-sharing and livestreaming platform, rumble.com. This platform enables users to subscribe to channels, access video on-demand, and live content. The company also offers a local.com platform where users can purchase subscriptions to support creators and access exclusive content.

Rumble recently announced that President Donald Trump has created an official White House channel on the platform.

For the third quarter of 2024, the company reported revenue of $25.1 million, up by 39% from the same period of 2023. Net loss amounted to $31.5 million, which compares to a net loss of $29 million in the comparable quarter of 2023. Adjusted EBITDA was a loss of $23.5 million, reflecting a $11.9 million improvement from the third quarter of 2023. As of September 30, 2024, Rumble’s balance of cash, cash equivalents and marketable securities was approximately $132 million.

On February 7, three insiders made several sales of Rumble shares, out of which one transaction was valued at $28.63 million. The company’s CTO, Wojciech Hlibowicki, sold 3,817,165 shares at a price of $7.50 per share. Currently, the stock is trading at $8.25 per share, having lost 36.59% since the beginning of the year. Over the past 12 months, Rumble returned 21.48% to its investors.

Three analysts have an average “Buy” rating on the stock, with a price target of $16.50, writes TipRanks. The average price target suggests a 100.00% upside from the current price.

Rumble is also one of the 10 hot software stocks with high upside potential.