Raymond James Financial Inc. Makes New Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Raymond James Financial Inc. bought a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,864 shares of the company's stock, valued at approximately $950,000.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Trump Media & Technology Group by 41.5% in the fourth quarter. Arizona State Retirement System now owns 23,213 shares of the company's stock valued at $792,000 after acquiring an additional 6,806 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Trump Media & Technology Group during the 4th quarter worth approximately $205,000. Victory Capital Management Inc. acquired a new stake in shares of Trump Media & Technology Group in the 4th quarter valued at approximately $420,000. Charles Schwab Investment Management Inc. grew its stake in shares of Trump Media & Technology Group by 32.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company's stock valued at $26,895,000 after buying an additional 193,563 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Trump Media & Technology Group by 112.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,715 shares of the company's stock valued at $161,000 after acquiring an additional 2,495 shares during the period. Institutional investors own 4.29% of the company's stock.

Trump Media & Technology Group Price Performance

Shares of DJT stock traded up $3.61 on Wednesday, reaching $20.27. The stock had a trading volume of 14,831,583 shares, compared to its average volume of 15,960,796. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $56.55. The firm's 50-day moving average is $23.53 and its two-hundred day moving average is $28.90. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

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

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.