Hudson Bay Capital Management LP Purchases New Stake in Trump Media & Technology Group Corp. $DJT

Hudson Bay Capital Management LP acquired a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,360,808 shares of the company’s stock, valued at approximately $24,549,000. Hudson Bay Capital Management LP owned about 0.49% of Trump Media & Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Trump Media & Technology Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock worth $180,639,000 after acquiring an additional 237,668 shares during the period. Nuveen LLC acquired a new stake in Trump Media & Technology Group during the first quarter worth about $4,245,000. Geode Capital Management LLC raised its stake in Trump Media & Technology Group by 13.5% during the second quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock worth $32,908,000 after purchasing an additional 216,718 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Trump Media & Technology Group by 373.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 244,162 shares of the company’s stock valued at $4,405,000 after purchasing an additional 192,584 shares during the last quarter. Finally, Murchinson Ltd. purchased a new stake in shares of Trump Media & Technology Group in the 2nd quarter valued at approximately $2,706,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Trading Down 2.4%

NASDAQ DJT opened at $10.65 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 42.78 and a quick ratio of 42.78. The stock has a market capitalization of $2.98 billion, a P/E ratio of -18.05 and a beta of 4.59. The firm’s 50-day moving average is $13.50 and its two-hundred day moving average is $16.56. Trump Media & Technology Group Corp. has a 12 month low of $10.18 and a 12 month high of $43.46.

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,200 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.59, for a total transaction of $55,068.00. Following the completion of the transaction, the director owned 18,841 shares of the company’s stock, valued at approximately $199,526.19. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 53.00% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, the stock presently 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.