Trump Media & Technology Group (NASDAQ:DJT) Shares Down 4.5% - Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) dropped 4.5% during mid-day trading on Monday . The stock traded as low as $18.58 and last traded at $18.63. Approximately 11,669,296 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 7,362,338 shares. The stock had previously closed at $19.52.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Trump Media & Technology Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

Trump Media & Technology Group Stock Down 4.4%

The firm has a 50 day simple moving average of $22.89 and a 200 day simple moving average of $27.18. 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 quarterly earnings data on Friday, May 9th. The company reported ($0.14) EPS for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%. The firm had revenue of $821.20 million for the quarter.

Insiders Place Their Bets

In other news, Director Eric Swider sold 8,500 shares of Trump Media & Technology Group stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $21.41, for a total transaction of $181,985.00. Following the completion of the sale, the director now directly owns 17,489 shares of the company's stock, valued at approximately $374,439.49. The trade was a 32.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Scott Glabe sold 57,995 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $26.44, for a total value of $1,533,387.80. Following the sale, the general counsel now owns 239,503 shares in the company, valued at $6,332,459.32. The trade was a 19.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,806 shares of company stock worth $5,062,725 in the last ninety days. 53.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of large investors have recently added to or reduced their stakes in DJT. GeoWealth Management LLC increased its stake in Trump Media & Technology Group by 41,550.0% in the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company's stock worth $28,000 after purchasing an additional 831 shares during the period. Glass Jacobson Investment Advisors llc raised its holdings in Trump Media & Technology Group by 350.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock valued at $31,000 after buying an additional 701 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Trump Media & Technology Group during the 1st quarter valued at $39,000. AlphaQuest LLC grew its holdings in Trump Media & Technology Group by 140.7% in the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after acquiring an additional 681 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Trump Media & Technology Group by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock valued at $42,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 4.29% 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.

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