Trump Media & Technology Group (NASDAQ:DJT) Sees Strong Trading Volume – Time to Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) saw unusually-strong trading volume on Tuesday . Approximately 18,262,272 shares changed hands during trading, an increase of 15% from the previous session’s volume of 15,861,943 shares.The stock last traded at $24.09 and had previously closed at $25.72.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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 stock has a fifty day simple moving average of $22.54 and a 200-day simple moving average of $28.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $821.20 million for 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 related news, CEO Devin G. Nunes sold 59,483 shares of Trump Media & Technology Group stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total value of $1,573,920.18. Following the completion of the transaction, the chief executive officer now directly owns 1,148,705 shares of the company’s stock, valued at $30,394,734.30. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Vladimir Novachki sold 17,823 shares of Trump Media & Technology Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total value of $471,596.58. Following the completion of the transaction, the chief technology officer now directly owns 511,940 shares of the company’s stock, valued at $13,545,932.40. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,365 shares of company stock valued at $5,410,300 over the last ninety days. 53.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

Several institutional investors have recently modified their holdings of DJT. SG Americas Securities LLC acquired a new position in shares of Trump Media & Technology Group during the 4th quarter worth about $455,000. Mutual Advisors LLC grew its position in shares of Trump Media & Technology Group by 37.9% during the 4th quarter. Mutual Advisors LLC now owns 8,351 shares of the company’s stock worth $285,000 after buying an additional 2,295 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Trump Media & Technology Group during the 4th quarter worth about $57,000. KBC Group NV acquired a new position in shares of Trump Media & Technology Group during the 4th quarter worth about $116,000. Finally, Stonegate Investment Group LLC acquired a new position in shares of Trump Media & Technology Group during the 4th quarter worth about $273,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.