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

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped up before the market opened 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 Trading Up 5.4 %

The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $28.59.

Insider Buying and Selling at Trump Media & Technology Group

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the transaction, the chief financial officer now directly owns 220,577 shares of the company’s stock, valued at $4,521,828.50. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 in the company, valued at $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Trump Media & Technology Group by 180.3% in the fourth 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 in the last quarter. Geode Capital Management LLC grew its holdings in Trump Media & Technology Group by 35.2% during the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock worth $50,630,000 after acquiring an additional 386,227 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Trump Media & Technology Group by 32.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after acquiring an additional 193,563 shares in the last quarter. State Street Corp acquired a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $11,397,000. Finally, Melqart Asset Management UK Ltd acquired a new position in Trump Media & Technology Group during the 4th quarter worth approximately $18,725,000. Institutional investors and hedge funds 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.