Trump Media & Technology Group Corp. (NASDAQ:DJT) General Counsel Scott Glabe Sells 57,995 Shares

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) General Counsel Scott Glabe sold 57,995 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $26.44, for a total value of $1,533,387.80. Following the completion of the sale, the general counsel now directly owns 239,503 shares of the company's stock, valued at $6,332,459.32. This trade represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Trump Media & Technology Group Price Performance

Shares of DJT opened at $26.03 on Thursday. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $54.68. The stock has a fifty day simple moving average of $21.63 and a two-hundred day simple moving average of $28.85. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last issued 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 return on equity of 70.26% and a negative net margin of 11,076.68%. The company had revenue of $821.20 million during the quarter.

Institutional Trading of Trump Media & Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Trump Media & Technology Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company's stock worth $180,639,000 after purchasing an additional 237,668 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 386,227 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 193,563 shares during the last quarter. Melqart Asset Management UK Ltd acquired a new stake in shares of Trump Media & Technology Group during the 4th quarter worth about $18,725,000. Finally, Invesco Ltd. increased its position in shares of 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 purchasing an additional 454,699 shares during the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

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.

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