Jerry Naumoff Increases Stake in RUM with New Purchase

Jerry Naumoff, an insider at RUM, purchased 33,519 shares on June 12, 2026. The transaction did not specify a price per share, but it reflects an increase in his stake in the company. This move comes as shares of RUM are trading at $7.75.

Insider Buying and Selling at RUM

On June 12, 2026, several insiders made moves in RUM's stock. Jerry Naumoff bought 33,519 shares, while Ryan Milnes sold 14,964 shares at $7.54 each. Katie Biber also bought 33,519 shares, and Paul Cappuccio acquired 44,518 shares, all without specified prices.

Other Institutional Activity in RUM

In recent institutional activity, Cantor Fitzgerald, L.P. maintained its position with 9,326,205 shares valued at about $47.6 million. BlackRock, Inc. trimmed its stake by 94,963 shares, holding 7,888,137 shares worth approximately $40.2 million. Cooper Creek Partners Management LLC significantly increased its holdings by 1,840,893 shares, reaching 5,242,497 shares valued at $26.7 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions, each holding over 4 million shares valued at around $20.5 million. State Street Corp added 248,827 shares, bringing its total to 3,335,756 shares worth $17 million.

Analysts Set New Price Targets

Analysts have been updating 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 a $20 target. D.A. Davidson has reiterated its buy rating multiple times, with targets ranging from $6 to $15 over the past year.

Bottom Line

Jerry Naumoff's recent purchase of RUM shares highlights insider confidence in the company. While the stock trades at $7.75, institutional investors have shown both increases and reductions in their positions. Analyst opinions vary, with targets reflecting a range of expectations. Investors often track insider and institutional activity for insights, but it's important to remember that these filings are retrospective and may not indicate current positions.