Eric Swider Sells 5,200 Shares of Trump Media & Technology Group (NASDAQ:DJT) Stock

Trump Media & Technology Group Corp. (NASDAQ:DJT) Director Eric Swider sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.59, for a total transaction of $55,068.00. Following the sale, the director owned 18,841 shares of the company’s stock, valued at approximately $199,526.19. This represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Eric Swider also recently made the following trade(s):

• On Friday, August 29th, Eric Swider sold 5,000 shares of Trump Media & Technology Group stock. The shares were sold at an average price of $17.61, for a total transaction of $88,050.00.

Trump Media & Technology Group Stock Down 0.7%

DJT stock opened at $10.77 on Wednesday. The company has a 50 day moving average of $15.68 and a two-hundred day moving average of $18.28. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -18.25 and a beta of 4.56. Trump Media & Technology Group Corp. has a 12-month low of $10.32 and a 12-month high of $43.46. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42.

Institutional Trading of Trump Media & Technology Group

A number of institutional investors have recently added to or reduced their stakes in DJT. Teacher Retirement System of Texas bought a new stake in Trump Media & Technology Group in the first quarter worth approximately $247,000. Bank of New York Mellon Corp lifted its stake in shares of Trump Media & Technology Group by 19.2% in the 1st quarter. Bank of New York Mellon Corp now owns 231,726 shares of the company’s stock valued at $4,528,000 after purchasing an additional 37,352 shares during the last quarter. Arizona State Retirement System boosted its holdings in Trump Media & Technology Group by 7.1% in the first quarter. Arizona State Retirement System now owns 24,868 shares of the company’s stock worth $486,000 after purchasing an additional 1,655 shares in the last quarter. CWM LLC boosted its holdings in Trump Media & Technology Group by 64.7% in the first quarter. CWM LLC now owns 9,766 shares of the company’s stock worth $191,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Fountainhead AM LLC increased its position in Trump Media & Technology Group by 111.6% during the first quarter. Fountainhead AM LLC now owns 13,759 shares of the company’s stock worth $269,000 after buying an additional 7,258 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trump Media & Technology Group currently has a consensus rating of “Sell”.

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.