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 Thursday . The stock had previously closed at $20.07, but opened at $20.51. Trump Media & Technology Group shares last traded at $20.18, with a volume of 746,058 shares changing hands.

Trump Media & Technology Group Stock Performance

The business’s 50 day moving average price is $30.49 and its 200 day moving average price is $28.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33.

Insiders Place Their Bets

In related news, Director Eric Swider sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the transaction, the director now owns 38,989 shares in the company, valued at $763,014.73. This represents a 11.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were 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. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. purchased a new stake in Trump Media & Technology Group in the third quarter valued at $9,564,000. The Manufacturers Life Insurance Company acquired a new position in Trump Media & Technology Group in the third quarter valued at about $214,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at approximately $336,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at $1,571,000. Finally, New York State Common Retirement Fund lifted its stake in Trump Media & Technology Group by 80.8% during the 4th quarter. New York State Common Retirement Fund now owns 38,700 shares of the company’s stock worth $1,320,000 after acquiring an additional 17,300 shares in the last quarter. 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.