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 that occurred on Wednesday, May 14th. The stock was sold at an average price of $26.44, for a total transaction of $1,533,387.80. Following the completion of the transaction, the general counsel now owns 239,503 shares in the company, valued at $6,332,459.32. This represents a 19.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Trump Media & Technology Group Price Performance
NASDAQ:DJT traded down $0.09 during mid-day trading on Tuesday, reaching $24.98. 297,998 shares of the company's stock traded hands, compared to its average volume of 15,728,552. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $21.96 and a 200-day moving average price of $28.35. Trump Media & Technology Group Corp. has a 12-month low of $11.75 and a 12-month high of $54.68.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.14) 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 Investors Weigh In On Trump Media & Technology Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Trump Media & Technology Group by 180.3% in the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company's stock worth $307,136,000 after buying an additional 5,793,934 shares during the last quarter. Melqart Asset Management UK Ltd purchased a new position in shares of Trump Media & Technology Group in the 4th quarter worth about $18,725,000. Invesco Ltd. boosted its stake in Trump Media & Technology Group by 785.1% in 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 in the last quarter. Geode Capital Management LLC grew its position 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 valued at $50,630,000 after purchasing an additional 386,227 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Trump Media & Technology Group during the 1st quarter valued at about $4,245,000. 4.29% of the stock is 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.
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