Axxcess Wealth Management LLC bought a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,101 shares of the company's stock, valued at approximately $490,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Trump Media & Technology Group by 180.3% in the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company's stock valued at $307,136,000 after buying an additional 5,793,934 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Trump Media & Technology Group by 35.2% during the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company's stock valued at $50,630,000 after purchasing an additional 386,227 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Trump Media & Technology Group by 32.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company's stock valued at $26,895,000 after purchasing an additional 193,563 shares in the last quarter. Melqart Asset Management UK Ltd bought a new position in shares of Trump Media & Technology Group during the 4th quarter valued at about $18,725,000. Finally, Invesco Ltd. boosted its position in shares of Trump Media & Technology Group by 785.1% during the 4th quarter. Invesco Ltd. now owns 512,613 shares of the company's stock valued at $17,480,000 after purchasing an additional 454,699 shares in the last quarter. Institutional investors own 4.29% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th.
Check Out Our Latest Analysis on DJT
Trump Media & Technology Group Stock Performance
Shares of NASDAQ:DJT traded up $0.99 during trading hours on Wednesday, hitting $18.93. 8,532,293 shares of the company's stock traded hands, compared to its average volume of 15,942,897. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $54.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 38.41 and a current ratio of 38.41. The company's fifty day simple moving average is $21.04 and its two-hundred day simple moving average is $24.64.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.14) EPS for the quarter. Trump Media & Technology Group had a negative net margin of 2,861.60% and a negative return on equity of 14.17%. The firm had revenue of $821.20 million for the quarter.
Trump Media & Technology Group declared that its Board of Directors has authorized a stock repurchase plan on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to buy up to 10.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
Insider Activity at Trump Media & Technology Group
In other Trump Media & Technology Group news, Director Eric Swider sold 8,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $21.41, for a total transaction of $181,985.00. Following the completion of the sale, the director directly owned 17,489 shares of the company's stock, valued at approximately $374,439.49. This represents a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Devin G. Nunes sold 59,483 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total transaction of $1,573,920.18. Following the completion of the sale, the chief executive officer directly owned 1,148,705 shares of the company's stock, valued at $30,394,734.30. This trade represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,806 shares of company stock valued at $5,062,725. Corporate insiders own 53.00% of the company's stock.
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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