Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) CTO Vladimir Novachki sold 17,823 shares of Trump Media & Technology Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total transaction of $471,596.58. Following the transaction, the chief technology officer now owns 511,940 shares of the company's stock, valued at $13,545,932.40. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Trump Media & Technology Group Price Performance
DJT opened at $26.03 on Thursday. 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 Corp. has a twelve month low of $11.75 and a twelve month high of $54.68. The company's 50-day moving average price is $21.63 and its two-hundred day moving average price is $28.85.
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 for the quarter. The company 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%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Trump Media & Technology Group by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company's stock valued at $180,639,000 after purchasing an additional 237,668 shares during the period. Geode Capital Management LLC increased its holdings in Trump Media & Technology Group by 35.2% during the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company's stock worth $50,630,000 after acquiring an additional 386,227 shares during the period. Charles Schwab Investment Management Inc. increased 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 worth $26,895,000 after acquiring an additional 193,563 shares during the period. Melqart Asset Management UK Ltd bought a new stake in Trump Media & Technology Group during the 4th quarter worth approximately $18,725,000. Finally, Invesco Ltd. increased its holdings in Trump Media & Technology Group by 785.1% during the 4th quarter. Invesco Ltd. now owns 512,613 shares of the company's stock worth $17,480,000 after acquiring an additional 454,699 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.
About Trump Media & Technology Group
(
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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.
Further Reading
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