Trump Media & Technology Group (NASDAQ:DJT) Stock Price Up 6.7% - What's Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) traded up 6.7% on Friday . The company traded as high as $21.55 and last traded at $22.23. 6,637,689 shares were traded during trading, a decline of 59% from the average session volume of 16,062,682 shares. The stock had previously closed at $20.83.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Trump Media & Technology Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Trump Media & Technology Group Price Performance

The business has a 50-day moving average of $22.51 and a 200 day moving average of $27.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $821.20 million during the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%.

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, CTO Vladimir Novachki sold 17,823 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total transaction of $471,596.58. Following the transaction, the chief technology officer now directly owns 511,940 shares in the company, valued at approximately $13,545,932.40. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $20.50, for a total transaction of $431,709.50. Following the completion of the sale, the chief financial officer now owns 220,577 shares of the company's stock, valued at approximately $4,521,828.50. The trade was a 8.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,365 shares of company stock valued at $5,410,300. 53.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 Trump Media & Technology Group in the fourth quarter worth $18,725,000. Invesco Ltd. grew 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 valued at $17,480,000 after purchasing an additional 454,699 shares during the period. 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 valued at $50,630,000 after purchasing an additional 386,227 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Trump Media & Technology Group during the 1st quarter worth $4,245,000. 4.29% of the stock is owned by institutional investors.

Trump Media & Technology Group Company Profile

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.