"And they were gathered there." These are Israel, as it is stated, "And they stood at the foot of the mountain." (Exodus 19:17) "And the stone would be rolled." Moses and Aaron received the Torah. "And the sheep watered, and then the stone would be returned." As it is stated, "And Moses brought back the people's words etc." (Exodus 19:8)
The Well and the Stone Hid the Giving of the Torah
Midrash Aggadah, Genesis 29:3