Trump Media & Technology Group (NASDAQ:DJT) Trading Up 4.5% – Time to Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares were up 4.5% on Tuesday . The company traded as high as $20.09 and last traded at $19.78. Approximately 2,061,211 shares traded hands during trading, a decline of 87% from the average daily volume of 15,930,385 shares. The stock had previously closed at $18.93.

Trump Media & Technology Group Stock Up 5.9 %

The stock has a 50 day simple moving average of $22.82 and a 200-day simple moving average of $29.11. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01.

Insider Transactions at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the completion of the transaction, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction dated Tuesday, March 11th. The stock was 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 of the company’s stock, valued at approximately $763,014.73. This represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 53.00% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds have recently modified their holdings of the business. GeoWealth Management LLC raised its holdings in Trump Media & Technology Group by 41,550.0% in the fourth quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock worth $28,000 after purchasing an additional 831 shares in the last quarter. Tsfg LLC purchased a new position in Trump Media & Technology Group in the fourth quarter worth $31,000. Glass Jacobson Investment Advisors llc increased its position in shares of Trump Media & Technology Group by 350.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock worth $31,000 after purchasing an additional 701 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trump Media & Technology Group in the 4th quarter worth $34,000. Finally, AlphaQuest LLC boosted its holdings in Trump Media & Technology Group by 140.7% in the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock worth $40,000 after acquiring an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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.