KLP Kapitalforvaltning AS Acquires New Shares in Trump Media & Technology Group Corp. (NASDAQ:DJT)

KLP Kapitalforvaltning AS purchased a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,600 shares of the company's stock, valued at approximately $532,000.

Several other large investors also recently added to or reduced their stakes in DJT. Geode Capital Management LLC bought a new position in Trump Media & Technology Group during the third quarter valued at $17,650,000. Charles Schwab Investment Management Inc. grew its holdings in Trump Media & Technology Group by 32.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company's stock valued at $26,895,000 after purchasing an additional 193,563 shares during the last quarter. State Street Corp bought a new position in Trump Media & Technology Group during the 3rd quarter valued at about $11,397,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Trump Media & Technology Group in the 4th quarter worth about $6,642,000. Finally, Bank of New York Mellon Corp lifted its stake in Trump Media & Technology Group by 15.2% in the fourth quarter. Bank of New York Mellon Corp now owns 194,374 shares of the company's stock worth $6,628,000 after purchasing an additional 25,685 shares during the last quarter. 4.29% of the stock is owned by institutional investors.

Insider Activity at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 21,059 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the transaction, the chief financial officer now directly owns 220,577 shares of the company's stock, valued at approximately $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric Swider sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total value of $97,850.00. Following the completion of the sale, the director now owns 38,989 shares of the company's stock, valued at $763,014.73. The trade was a 11.37 % decrease in their position. The disclosure for this sale can be found here. 53.00% of the stock is owned by company insiders.

Trump Media & Technology Group Trading Down 3.8 %

Shares of DJT traded down $0.66 during mid-day trading on Tuesday, reaching $16.66. 3,796,567 shares of the company's stock traded hands, compared to its average volume of 15,918,361. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average is $23.99 and its two-hundred day moving average is $28.91. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $56.55.

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.