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

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $30.04, but opened at $33.61. Trump Media & Technology Group shares last traded at $33.13, with a volume of 12,737,459 shares traded.

Trump Media & Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. The stock has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $28.98.

Trump Media & Technology Group (NASDAQ:DJT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $1.01 million during the quarter.

Insiders Place Their Bets

In other news, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group stock in a transaction on Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the sale, the general counsel now directly owns 336,576 shares in the company, valued at approximately $10,834,381.44. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Phillip Juhan sold 64,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $32.97, for a total value of $2,110,080.00. Following the completion of the transaction, the chief financial officer now owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 536,100 shares of company stock valued at $16,274,894 over the last ninety days. 14.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

Several large investors have recently made changes to their positions in DJT. CWM LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $66,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Trump Media & Technology Group during the third quarter valued at $34,000. Avondale Wealth Management acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $64,000. Sapient Capital LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $2,339,000. Finally, Creative Planning purchased a new position in Trump Media & Technology Group in the 3rd quarter valued at about $538,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.