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 $18.67, but opened at $20.04. Trump Media & Technology Group shares last traded at $19.48, with a volume of 8,325,585 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th.
View Our Latest Research Report on Trump Media & Technology Group
Trump Media & Technology Group Price Performance
The firm has a market cap of $4.32 billion, a P/E ratio of -38.40 and a beta of 4.71. The business has a 50-day moving average of $20.69 and a two-hundred day moving average of $24.26. The company has a current ratio of 38.41, a quick ratio of 38.41 and a debt-to-equity ratio of 0.01.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $821.20 million during the quarter. Trump Media & Technology Group had a negative net margin of 2,860.82% and a negative return on equity of 14.17%.
Trump Media & Technology Group declared that its Board of Directors has initiated a share repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 10.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Insider Buying and Selling at Trump Media & Technology Group
In other Trump Media & Technology Group news, CFO Phillip Juhan sold 45,005 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $27.15, for a total transaction of $1,221,885.75. Following the completion of the sale, the chief financial officer directly owned 175,572 shares of the company's stock, valued at approximately $4,766,779.80. The trade was a 20.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Devin G. Nunes sold 59,483 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total value of $1,573,920.18. Following the sale, the chief executive officer directly owned 1,148,705 shares of the company's stock, valued at $30,394,734.30. This represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,806 shares of company stock worth $5,062,725 in the last quarter. Company insiders own 53.00% of the company's stock.
Institutional Investors Weigh In On Trump Media & Technology Group
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in shares of Trump Media & Technology Group during the fourth quarter valued at about $420,000. Raymond James Financial Inc. bought a new stake in Trump Media & Technology Group during the 4th quarter valued at approximately $950,000. PNC Financial Services Group Inc. boosted its position in Trump Media & Technology Group by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,918 shares of the company's stock valued at $134,000 after acquiring an additional 361 shares in the last quarter. Amundi lifted its holdings in shares of Trump Media & Technology Group by 91.9% during the fourth quarter. Amundi now owns 1,975 shares of the company's stock valued at $68,000 after purchasing an additional 946 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Trump Media & Technology Group during the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors 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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