Ryan Milnes Buys Shares of RUM

On June 12, 2026, Ryan Milnes made a notable move by buying 33,519 shares of RUM. This insider transaction didn't specify the purchase price, but RUM shares were trading at $7.75 around that time.

Other Institutional Activity in RUM

Cantor Fitzgerald, L.P. held steady with 9,326,205 shares valued at approximately $47.56 million. BlackRock, Inc. reduced its stake by 94,963 shares, leaving it with 7,888,137 shares worth about $40.23 million. Cooper Creek Partners Management LLC significantly increased its position, adding 1,840,893 shares to reach 5,242,497 shares valued at $26.74 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions with 4,020,826 shares and 4,017,814 shares respectively, each valued over $20 million. State Street Corp increased its holdings by 248,827 shares, bringing its total to 3,335,756 shares valued at $17.01 million.

Insider Buying and Selling at RUM

Several insiders were active on June 12, 2026. Alongside Ryan Milnes, Katie Biber also bought 33,519 shares. Jerry Naumoff sold 6,819 shares at an average price of $7.54, but also purchased 33,519 shares. Paul Cappuccio acquired 44,518 shares. These transactions were not part of any pre-planned trading program.

Analysts Set New Price Targets

Analysts have been adjusting their views on RUM. On March 26, 2025, Wedbush maintained a 'hold' rating with a $10 price target. Earlier, on January 15, 2025, Maxim Group initiated coverage with a 'buy' rating and set a target of $20. In 2024, Wedbush initiated a 'hold' rating with an $8 target.

Bottom Line

Ryan Milnes' purchase of RUM shares is a significant insider action that investors might track for insights into the company's prospects. Institutional movements and analyst ratings show varied perspectives on RUM's potential. As always, remember that insider trades are reported after the fact and may not reflect current holdings or intentions.