JPMorgan Chase & Co. Decreases Stake in Trump Media & Technology Group Corp. (NASDAQ:DJT)

JPMorgan Chase & Co. reduced its position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,160 shares of the company's stock after selling 8,825 shares during the quarter. JPMorgan Chase & Co.'s holdings in Trump Media & Technology Group were worth $710,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Rakuten Securities Inc. purchased a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth $30,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth $34,000. MetLife Investment Management LLC purchased a new position in shares of Trump Media & Technology Group during the third quarter valued at $43,000. Finally, Allworth Financial LP bought a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $48,000. Hedge funds and other institutional investors own 4.29% of the company's stock.

Insider Activity at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 320,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.65, for a total transaction of $9,808,000.00. Following the completion of the transaction, the chief financial officer now owns 329,798 shares of the company's stock, valued at $10,108,308.70. This trade represents a 49.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $32.19, for a total value of $512,368.23. Following the transaction, the general counsel now owns 336,576 shares of the company's stock, valued at $10,834,381.44. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,100 shares of company stock valued at $16,274,894 in the last three months. 14.80% of the stock is owned by insiders.

Trump Media & Technology Group Trading Down 9.7 %

Shares of NASDAQ:DJT traded down $3.18 during trading hours on Monday, hitting $29.53. The company's stock had a trading volume of 10,373,635 shares, compared to its average volume of 14,935,712. The firm's fifty day moving average price is $34.89 and its 200 day moving average price is $28.98. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $79.38. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $1.01 million during the quarter.

Trump Media & Technology Group Profile

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.