California State Teachers Retirement System lifted its position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,459 shares of the company's stock after acquiring an additional 20,500 shares during the period. California State Teachers Retirement System's holdings in Trump Media & Technology Group were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in DJT. Vanguard Group Inc. lifted its position in Trump Media & Technology Group by 180.3% in the fourth 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 during the last quarter. Melqart Asset Management UK Ltd purchased a new stake in shares of Trump Media & Technology Group in the 4th quarter valued at approximately $18,725,000. Invesco Ltd. raised its stake in shares of Trump Media & Technology Group by 785.1% in the 4th quarter. Invesco Ltd. now owns 512,613 shares of the company's stock valued at $17,480,000 after acquiring an additional 454,699 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Trump Media & Technology Group by 35.2% in the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company's stock worth $50,630,000 after acquiring an additional 386,227 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $6,642,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research note on Friday.
Check Out Our Latest Stock Report on Trump Media & Technology Group
Trump Media & Technology Group Price Performance
NASDAQ DJT traded down $0.31 during trading on Tuesday, hitting $20.91. The stock had a trading volume of 5,659,291 shares, compared to its average volume of 16,320,929. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The firm has a 50 day moving average price of $22.71 and a 200 day moving average price of $27.42. Trump Media & Technology Group Corp. has a twelve month low of $11.75 and a twelve month 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) EPS for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%. The business had revenue of $821.20 million during the quarter.
Insider Activity at Trump Media & Technology Group
In other 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 value of $181,985.00. Following the completion of the sale, the director now directly owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 45,005 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $27.15, for a total value of $1,221,885.75. Following the transaction, the chief financial officer now directly owns 175,572 shares in the company, valued at approximately $4,766,779.80. This represents a 20.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 191,806 shares of company stock worth $5,062,725. Company insiders own 53.00% of the company's stock.
Trump Media & Technology Group Profile
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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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