Summit Trail Advisors LLC Buys Shares of 15,491 Trump Media & Technology Group Corp. (NASDAQ:DJT)

Summit Trail Advisors LLC bought a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,491 shares of the company's stock, valued at approximately $303,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 worth $307,136,000 after purchasing an additional 5,793,934 shares in the last quarter. Melqart Asset Management UK Ltd bought a new stake in shares of Trump Media & Technology Group in the fourth quarter worth about $18,725,000. Invesco Ltd. lifted its position in shares of Trump Media & Technology Group by 785.1% in the fourth quarter. Invesco Ltd. now owns 512,613 shares of the company's stock worth $17,480,000 after buying an additional 454,699 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Trump Media & Technology Group by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company's stock worth $50,630,000 after buying an additional 386,227 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company's stock valued at $26,895,000 after buying an additional 193,563 shares during the last quarter. Hedge funds and other institutional investors own 4.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Trump Media & Technology Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

Trump Media & Technology Group Price Performance

DJT stock traded up $0.75 during trading on Friday, hitting $18.94. 8,611,581 shares of the company's stock traded hands, compared to its average volume of 16,226,966. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $54.68. The business has a fifty day simple moving average of $21.90 and a 200 day simple moving average of $25.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 38.41 and a quick ratio of 38.41.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $821.20 million 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%.

Trump Media & Technology Group announced that its board has initiated a stock buyback program on Monday, June 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to buy up to 10.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Trump Media & Technology Group

In other news, Director Eric Swider sold 8,500 shares of Trump Media & Technology Group stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $21.41, for a total value of $181,985.00. Following the completion of the transaction, the director owned 17,489 shares in the company, valued at approximately $374,439.49. The trade was a 32.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Devin G. Nunes sold 59,483 shares of the stock in a transaction 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 sale, the chief executive officer owned 1,148,705 shares in the company, valued at $30,394,734.30. The trade was a 4.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,806 shares of company stock valued at $5,062,725. Corporate insiders own 53.00% of the company's stock.

Trump Media & Technology Group Profile

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.