Wellington Management Group LLP Makes New $1.50 Million Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Wellington Management Group LLP bought a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,919 shares of the company's stock, valued at approximately $1,498,000.

Several other large investors have also added to or reduced their stakes in the business. Tsfg LLC bought a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Trump Media & Technology Group during the 4th quarter valued at $34,000. AlphaQuest LLC boosted its stake in Trump Media & Technology Group by 140.7% during the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after acquiring an additional 681 shares in the last quarter. Independence Bank of Kentucky grew its holdings in Trump Media & Technology Group by 245.8% in the fourth quarter. Independence Bank of Kentucky now owns 1,383 shares of the company's stock worth $47,000 after purchasing an additional 983 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Trump Media & Technology Group in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 4.29% of the company's stock.

Trump Media & Technology Group Stock Performance

Shares of DJT stock traded up $2.30 on Friday, reaching $22.04. 11,977,514 shares of the company were exchanged, compared to its average volume of 15,956,676. Trump Media & Technology Group Corp. has a one year low of $11.75 and a one year high of $56.55. The company has a 50-day moving average of $22.00 and a 200-day moving average of $29.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

Insider Activity

In other news, Director Eric Swider sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total value of $97,850.00. Following the transaction, the director now owns 38,989 shares in the company, valued at $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $431,709.50. Following the sale, the chief financial officer now owns 220,577 shares of the company's stock, valued at $4,521,828.50. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 53.00% 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.