Trueblood Wealth Management LLC Acquires Shares of 16,987 Trump Media & Technology Group Corp. $DJT

Key Points

• Trueblood Wealth Management LLC acquired 16,987 shares of Trump Media & Technology Group Corp., valued at approximately $306,000, during the 2nd quarter.
• Insider trading revealed that director Eric Swider sold 5,000 shares at $17.61 each, decreasing their ownership stake by 17.22%.
• Weiss Ratings reaffirmed a "sell" rating on the company's shares, indicating cautious sentiment from analysts amidst mixed performance metrics.

Trueblood Wealth Management LLC acquired a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,987 shares of the company's stock, valued at approximately $306,000.

Several other large investors have also bought and sold shares of the stock. Main Street Group LTD increased its position in shares of Trump Media & Technology Group by 43.1% during the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company's stock valued at $34,000 after purchasing an additional 575 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Trump Media & Technology Group during the 1st quarter valued at $39,000. Golden State Wealth Management LLC increased its position in shares of Trump Media & Technology Group by 21.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company's stock valued at $45,000 after purchasing an additional 410 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Trump Media & Technology Group by 93.8% during the 1st quarter. Parallel Advisors LLC now owns 2,391 shares of the company's stock valued at $47,000 after purchasing an additional 1,157 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Trump Media & Technology Group by 179.5% during the 1st quarter. AlphaQuest LLC now owns 3,256 shares of the company's stock valued at $64,000 after purchasing an additional 2,091 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $17.61, for a total value of $88,050.00. Following the completion of the sale, the director owned 24,041 shares of the company's stock, valued at approximately $423,362.01. This trade represents a 17.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 53.00% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Trump Media & Technology Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of "Sell".

Trump Media & Technology Group Trading Up 1.6%

Shares of DJT opened at $17.62 on Tuesday. The business has a 50-day moving average of $17.27 and a 200 day moving average of $19.70. Trump Media & Technology Group Corp. has a fifty-two week low of $15.42 and a fifty-two week high of $54.68. The firm has a market cap of $4.88 billion, a P/E ratio of -35.96 and a beta of 4.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 132.60 and a current ratio of 132.60.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.08) earnings per share for the quarter. Trump Media & Technology Group had a negative return on equity of 8.86% and a negative net margin of 2,922.66%.The firm had revenue of $0.88 million during the quarter.

Trump Media & Technology Group announced that its Board of Directors has authorized a stock repurchase program on Monday, June 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Trump Media & Technology Group Company 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.

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