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

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped up prior to trading on Tuesday . The stock had previously closed at $21.01, but opened at $22.85. Trump Media & Technology Group shares last traded at $22.96, with a volume of 6,051,700 shares changing hands.

Trump Media & Technology Group Price Performance

The firm has a fifty day moving average of $27.98 and a two-hundred day moving average of $28.78. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Transactions at Trump Media & Technology Group

In other 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 220,577 shares in the company, valued at $4,521,828.50. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Trump Media & Technology Group by 180.3% during the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock valued at $307,136,000 after purchasing an additional 5,793,934 shares during the period. Geode Capital Management LLC purchased a new position in shares of Trump Media & Technology Group during the third quarter valued at about $17,650,000. State Street Corp purchased a new stake in Trump Media & Technology Group in the third quarter worth about $11,397,000. Charles Schwab Investment Management Inc. bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at approximately $9,564,000. Finally, Melqart Asset Management UK Ltd purchased a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $18,725,000. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

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.