Top 10 Insider Sales Last Month

4. Rumble Inc. (NASDAQ:RUM)

Total value of insider sales in February: $522,661,515.00

Market capitalization: $2.61 billion

Rumble is a global video-sharing platform with a presence in the U.S. and Canada. Headquartered in Longboat Key, Florida, the company offers a free video-sharing and live streaming service through rumble.com, where users can subscribe to channels, view on-demand videos, and watch live broadcasts. Additionally, Rumble provides a local.com platform, enabling users to purchase subscriptions to support creators and gain access to exclusive content. It is also one of the 10 stocks with at least $20 million in insider sales recently.

In a recent development, Rumble revealed that President Donald Trump has launched an official White House channel on the platform.

In February, seven insiders sold a total $522.66 million at a price of $7.50 per share. Currently, the stock trades at $7.86 per share, having dropped 39.59% year-to-date. Over the past 12 months, Rumble shares declined 7.31%.

The company disclosed fourth-quarter revenue of $25.1 million, up by 39% from the fourth quarter of 2023. Net loss was $31.5 million, compared to a net loss of $29 million in the same period of 2023. As of September 30, 2024, Rumble’s balance of cash, cash equivalents and marketable securities was approximately $132 million.

According to StockAnalysis, three analysts have given an average “Buy” rating on the stock with a price target of $16.50.