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

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Monday . The stock had previously closed at $22.04, but opened at $21.33. Trump Media & Technology Group shares last traded at $21.12, with a volume of 763,985 shares changing hands.

Trump Media & Technology Group Stock Up 5.2 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. The firm has a fifty day moving average of $21.70 and a 200 day moving average of $29.25.

Insider Buying and Selling 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 shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the sale, the chief financial officer now owns 220,577 shares of the company’s stock, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Swider sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 53.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DJT. GeoWealth Management LLC grew its holdings in shares of Trump Media & Technology Group by 41,550.0% during the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock worth $28,000 after purchasing an additional 831 shares during the period. Tsfg LLC acquired a new position in Trump Media & Technology Group in the fourth quarter valued at about $31,000. Glass Jacobson Investment Advisors llc boosted its stake in 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 buying an additional 701 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter valued at about $34,000. Finally, AlphaQuest LLC increased its position in shares of Trump Media & Technology Group by 140.7% during the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock valued at $40,000 after acquiring an additional 681 shares during 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.