Katie Biber Sells Shares of RUM

Katie Biber sold 13,877 shares of RUM valued at $104,632.58.

Written by EarningsIQ · Published Jun 16, 2026, 9:01 AM EDT · Updated Jun 16, 2026, 2:01 PM EDT

Key Points

Katie Biber sold 13,877 shares of RUM for $104,632.58 on June 12, 2026, at an average price of $7.54 per share.
RUM shares are trading near $7.75 with significant institutional interest from firms like Cantor Fitzgerald and BlackRock.
Analyst activity includes Wedbush maintaining a hold rating with a $10 target and Maxim Group initiating a buy rating with a $20 target.

On June 12, 2026, Katie Biber sold 13,877 shares of RUM, totaling a transaction value of $104,632.58. The shares were sold at an average price of $7.54 each. This insider transaction was not part of a pre-planned trading strategy.

Other Institutional Activity in RUM

Cantor Fitzgerald, L.P. maintained its position in RUM with 9,326,205 shares valued at about $47.56 million. BlackRock, Inc. trimmed its holdings by 94,963 shares, ending with 7,888,137 shares worth approximately $40.23 million. Cooper Creek Partners Management LLC significantly increased its stake by adding 1,840,893 shares, bringing its total to 5,242,497 shares valued at $26.74 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated positions with 4,020,826 and 4,017,814 shares, respectively, both valued around $20.5 million. State Street Corp also increased its holdings by 248,827 shares, totaling 3,335,756 shares worth about $17.01 million.

RUM Stock Snapshot

Shares of RUM are currently trading near $7.75. The stock has attracted attention from several institutional investors, indicating a dynamic market interest.

Insider Buying and Selling at RUM

On the same day as Biber's sale, Ryan Milnes sold 14,964 shares at $7.54 each, while Jerry Naumoff sold 6,819 shares at the same price. Meanwhile, several insiders, including Milnes, Naumoff, and Paul Cappuccio, were involved in transactions involving 33,519 and 44,518 shares, respectively, but these were not sales.

Analysts Set New Price Targets

On March 26, 2025, Wedbush maintained its hold rating on RUM with a price target of $10. Earlier, on January 15, 2025, Maxim Group initiated coverage with a buy rating and a $20 target. D.A. Davidson has reiterated its buy rating several times, with price targets ranging from $6 to $15.

Bottom Line

Katie Biber's recent sale of RUM shares highlights ongoing insider activity within the company. Investors often monitor such transactions for potential insights into company prospects. RUM's stock continues to see varied interest from institutional investors and analysts, reflecting its active presence in the market.