Cetera Investment Advisers increased its holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,738 shares of the company's stock after purchasing an additional 25,224 shares during the period. Cetera Investment Advisers owned approximately 0.06% of Trump Media & Technology Group worth $4,185,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of DJT. GeoWealth Management LLC increased its holdings in shares of Trump Media & Technology Group by 41,550.0% during the fourth quarter. GeoWealth Management LLC now owns 833 shares of the company's stock worth $28,000 after buying an additional 831 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in shares of Trump Media & Technology Group by 350.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock worth $31,000 after buying an additional 701 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter worth approximately $34,000. AlphaQuest LLC increased its holdings in shares of Trump Media & Technology Group by 140.7% during the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after buying an additional 681 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Trump Media & Technology Group by 85.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock worth $42,000 after buying an additional 561 shares in the last quarter. Institutional investors and hedge funds own 4.29% of the company's stock.
Insider Activity at Trump Media & Technology Group
In other Trump Media & Technology Group news, CEO Devin G. Nunes sold 59,483 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total value of $1,573,920.18. Following the transaction, the chief executive officer now directly owns 1,148,705 shares of the company's stock, valued at approximately $30,394,734.30. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Scott Glabe sold 57,995 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $26.44, for a total transaction of $1,533,387.80. Following the completion of the transaction, the general counsel now directly owns 239,503 shares in the company, valued at approximately $6,332,459.32. The trade was a 19.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,365 shares of company stock valued at $5,410,300 over the last quarter. Corporate insiders own 53.00% of the company's stock.
Trump Media & Technology Group Trading Down 1.1%
Shares of Trump Media & Technology Group stock opened at $26.03 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. The firm has a 50 day simple moving average of $21.63 and a 200 day simple moving average of $28.85. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $54.68.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $821.20 million during the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%.
About Trump Media & Technology Group
(
Free Report)
Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.
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