Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $17.83, but opened at $18.59. Trump Media & Technology Group shares last traded at $18.36, with a volume of 5,206,628 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th.
Check Out Our Latest Analysis on DJT
Trump Media & Technology Group Trading Up 0.7%
The company has a quick ratio of 38.41, a current ratio of 38.41 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $22.83 and a 200 day moving average price of $26.66.
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 net margin of 2,861.60% and a negative return on equity of 14.17%. The company had revenue of $821.20 million during the quarter.
Insider Buying and Selling
In other news, General Counsel Scott Glabe sold 57,995 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the general counsel now owns 239,503 shares of the company's stock, valued at approximately $6,332,459.32. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Devin G. Nunes sold 59,483 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total value of $1,573,920.18. Following the completion of the sale, the chief executive officer now owns 1,148,705 shares in the company, valued at approximately $30,394,734.30. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,806 shares of company stock valued at $5,062,725. Company insiders own 53.00% of the company's stock.
Institutional Trading of Trump Media & Technology Group
Several hedge funds have recently added to or reduced their stakes in DJT. Vanguard Group Inc. boosted its stake in Trump Media & Technology Group by 180.3% in the fourth quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company's stock valued at $307,136,000 after acquiring an additional 5,793,934 shares in the last quarter. Melqart Asset Management UK Ltd acquired a new position in Trump Media & Technology Group during the fourth quarter worth $18,725,000. Invesco Ltd. increased its holdings in shares of Trump Media & Technology Group by 785.1% in the 4th quarter. Invesco Ltd. now owns 512,613 shares of the company's stock valued at $17,480,000 after purchasing an additional 454,699 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $50,630,000 after acquiring an additional 386,227 shares during the period. Finally, Nuveen LLC acquired a new position in Trump Media & Technology Group during the first quarter worth $4,245,000. Institutional investors and hedge funds own 4.29% of the company's stock.
About Trump Media & Technology Group
(
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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