Twinbeech Capital LP acquired a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 28,348 shares of the company's stock, valued at approximately $967,000.
Several other large investors have also modified their holdings of DJT. GeoWealth Management LLC increased its position in Trump Media & Technology Group by 41,550.0% during the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company's stock worth $28,000 after purchasing an additional 831 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its position in Trump Media & Technology Group by 350.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock worth $31,000 after purchasing an additional 701 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Trump Media & Technology Group during the 4th quarter worth approximately $34,000. AlphaQuest LLC increased its position in Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after purchasing an additional 681 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Trump Media & Technology Group by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock worth $42,000 after purchasing an additional 561 shares in the last quarter. 4.29% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Trump Media & Technology Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Stock Analysis on DJT
Insider Buying and Selling at Trump Media & Technology Group
In other news, CEO Devin G. Nunes sold 59,483 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 1,148,705 shares of the company's stock, valued at approximately $30,394,734.30. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Swider sold 3,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $26.65, for a total value of $79,950.00. Following the transaction, the director now directly owns 25,989 shares in the company, valued at $692,606.85. This trade represents a 10.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,365 shares of company stock worth $5,410,300. 53.00% of the stock is owned by insiders.
Trump Media & Technology Group Stock Performance
Shares of DJT stock traded down $2.75 during mid-day trading on Tuesday, reaching $22.97. 28,937,800 shares of the company were exchanged, compared to its average volume of 15,902,329. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $54.68. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01. The business's 50 day simple moving average is $22.45 and its 200 day simple moving average is $28.08.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.14) earnings per share for the quarter. Trump Media & Technology Group had a negative return on equity of 70.26% and a negative net margin of 11,076.68%. The company had revenue of $821.20 million for the quarter.
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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