Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Time to Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $20.27, but opened at $20.77. Trump Media & Technology Group shares last traded at $19.97, with a volume of 4,641,096 shares changing hands.

Trump Media & Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The business has a 50-day moving average price of $23.05 and a 200 day moving average price of $28.98.

Insider Activity

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the transaction, the director now directly owns 38,989 shares in the company, valued at approximately $763,014.73. The trade was a 11.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 21,059 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the sale, the chief financial officer now directly owns 220,577 shares in the company, valued at approximately $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors have recently bought and sold shares of DJT. Horizon Wealth Management LLC acquired a new position in Trump Media & Technology Group in the 1st quarter valued at approximately $195,000. Avondale Wealth Management grew its holdings in shares of Trump Media & Technology Group by 66.7% during the 1st quarter. Avondale Wealth Management now owns 5,000 shares of the company’s stock valued at $98,000 after acquiring an additional 2,000 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Trump Media & Technology Group by 93.8% in the first quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock worth $47,000 after acquiring an additional 1,157 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Trump Media & Technology Group by 1,854.1% during the first quarter. GAMMA Investing LLC now owns 10,806 shares of the company’s stock worth $211,000 after acquiring an additional 10,253 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Trump Media & Technology Group during the fourth quarter valued at $1,498,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.