Raymond James Financial Inc. Invests $950,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Raymond James Financial Inc. acquired a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,864 shares of the company's stock, valued at approximately $950,000.

Several other hedge funds have also recently bought and sold shares of DJT. Tsfg LLC bought a new position in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in Trump Media & Technology Group in the 4th quarter valued at $34,000. AlphaQuest LLC raised its holdings in Trump Media & Technology Group by 140.7% in the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after acquiring an additional 681 shares during the period. Russell Investments Group Ltd. lifted 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 acquiring an additional 561 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in Trump Media & Technology Group by 245.8% during the fourth quarter. Independence Bank of Kentucky now owns 1,383 shares of the company's stock valued at $47,000 after acquiring an additional 983 shares during the period. 4.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 21,059 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the completion of the transaction, the chief financial officer now directly owns 220,577 shares of the company's stock, valued at $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total transaction of $97,850.00. Following the sale, the director now owns 38,989 shares in the company, valued at $763,014.73. This represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. 53.00% of the stock is currently owned by corporate insiders.

Trump Media & Technology Group Stock Down 1.0 %

Shares of NASDAQ:DJT traded down $0.25 during midday trading on Friday, hitting $24.89. The company's stock had a trading volume of 2,593,845 shares, compared to its average volume of 15,805,743. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $56.55. 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 simple moving average is $21.42 and its 200 day simple moving average is $29.07.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%. The business had revenue of $821.20 million during the quarter.

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.