Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 132,916 call options on the stock. This represents an increase of 148% compared to the typical volume of 53,697 call options.
Insider Buying and Selling
In other news, CEO Devin G. Nunes sold 59,483 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were 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. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric Swider sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the transaction, the director now owns 38,989 shares in the company, valued at $763,014.73. This trade represents a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,365 shares of company stock worth $5,410,300 in the last ninety days. Insiders own 53.00% of the company's stock.
Hedge Funds Weigh In On Trump Media & Technology Group
Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Trump Media & Technology Group by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,918 shares of the company's stock worth $134,000 after purchasing an additional 361 shares during the last quarter. Allworth Financial LP boosted its holdings in Trump Media & Technology Group by 13.6% during the fourth quarter. Allworth Financial LP now owns 3,385 shares of the company's stock worth $114,000 after buying an additional 406 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Trump Media & Technology Group by 21.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company's stock worth $45,000 after buying an additional 410 shares during the period. Harbour Investments Inc. grew its position in shares of Trump Media & Technology Group by 30.3% during the 4th quarter. Harbour Investments Inc. now owns 1,909 shares of the company's stock worth $65,000 after buying an additional 444 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Trump Media & Technology Group by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,031 shares of the company's stock valued at $802,000 after acquiring an additional 530 shares during the last quarter. Institutional investors own 4.29% of the company's stock.
Trump Media & Technology Group Price Performance
Shares of NASDAQ DJT traded up $0.45 during mid-day trading on Tuesday, reaching $21.84. The company had a trading volume of 11,505,963 shares, compared to its average volume of 16,160,060. The stock's 50 day moving average is $22.51 and its 200-day moving average is $27.81. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. Trump Media & Technology Group has a twelve month low of $11.75 and a twelve month high of $54.68.
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. The business had revenue of $821.20 million during the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Trump Media & Technology Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on DJT
Trump Media & Technology Group Company Profile
(
Get 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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