Scott Glabe Acquires 1,000 Shares of Trump Media & Technology Group (NASDAQ:DJT) Stock

Trump Media & Technology Group Corp. (NASDAQ:DJT) General Counsel Scott Glabe acquired 1,000 shares of Trump Media & Technology Group stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $10.46 per share, for a total transaction of $10,460.00. Following the completion of the purchase, the general counsel owned 326,236 shares in the company, valued at approximately $3,412,428.56. The trade was a 0.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Trump Media & Technology Group Price Performance

Shares of NASDAQ DJT opened at $10.35 on Friday. The company has a market capitalization of $2.90 billion, a PE ratio of -17.54 and a beta of 4.56. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42. Trump Media & Technology Group Corp. has a twelve month low of $10.22 and a twelve month high of $43.46. The firm has a fifty day simple moving average of $15.42 and a 200 day simple moving average of $18.17.

Institutional Trading of Trump Media & Technology Group

Large investors have recently made changes to their positions in the company. Main Street Group LTD raised its stake in Trump Media & Technology Group by 43.1% during the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock worth $34,000 after buying an additional 575 shares during the period. Deutsche Bank AG increased its holdings in shares of Trump Media & Technology Group by 16.7% during the first quarter. Deutsche Bank AG now owns 4,038 shares of the company’s stock valued at $79,000 after acquiring an additional 579 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Trump Media & Technology Group by 37.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock valued at $39,000 after acquiring an additional 587 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Trump Media & Technology Group by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,568 shares of the company’s stock worth $295,000 after purchasing an additional 753 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Trump Media & Technology Group by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 5,088 shares of the company’s stock worth $93,000 after purchasing an additional 762 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.