Cetera Investment Advisers Buys 32,022 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Key Points

• Cetera Investment Advisers increased its stake in Trump Media & Technology Group by 26.1%, owning approximately 0.07% of the company valued at $3,024,000.
• Trump Media & Technology Group has recently authorized a $400 million stock buyback program, indicating a belief by its Board of Directors that the shares are currently undervalued.
• Shares of Trump Media & Technology Group have seen a 3.0% decrease in trading, with the stock currently priced around $16.39 after a 52-week range of $11.75 to $54.68.

Cetera Investment Advisers increased its holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 26.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,760 shares of the company's stock after acquiring an additional 32,022 shares during the quarter. Cetera Investment Advisers owned about 0.07% of Trump Media & Technology Group worth $3,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake 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 valued at $50,630,000 after purchasing an additional 386,227 shares during the period. Melqart Asset Management UK Ltd purchased a new position in Trump Media & Technology Group during the fourth quarter valued at $18,725,000. Invesco Ltd. boosted its holdings 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 buying an additional 454,699 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Trump Media & Technology Group by 50.0% during the 4th quarter. Northern Trust Corp now owns 417,243 shares of the company's stock valued at $14,228,000 after buying an additional 139,145 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Trump Media & Technology Group by 19.2% in the 1st quarter. Bank of New York Mellon Corp now owns 231,726 shares of the company's stock worth $4,528,000 after buying an additional 37,352 shares during the period. Institutional investors own 4.29% of the company's stock.

Insider Transactions at Trump Media & Technology Group

In other news, Director Eric Swider sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $21.41, for a total value of $181,985.00. Following the transaction, the director owned 17,489 shares in the company, 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 SEC, which is accessible through this link. Also, CFO Phillip Juhan sold 45,005 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $27.15, for a total transaction of $1,221,885.75. Following the sale, the chief financial officer owned 175,572 shares in the company, valued at approximately $4,766,779.80. The trade was a 20.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,806 shares of company stock worth $5,062,725 over the last quarter. Corporate insiders own 53.00% of the company's stock.

Trump Media & Technology Group Stock Down 0.8%

Shares of DJT traded down $0.14 during mid-day trading on Friday, reaching $16.99. The company had a trading volume of 8,417,615 shares, compared to its average volume of 8,043,899. The company has a debt-to-equity ratio of 0.41, a quick ratio of 38.41 and a current ratio of 132.60. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of -34.67 and a beta of 4.68. The firm has a 50-day moving average price of $18.76 and a 200 day moving average price of $22.40. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $54.68.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported ($0.08) EPS 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 company had revenue of $0.88 million during the quarter.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th.

About Trump Media & Technology Group

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.