27,363 Shares in Trump Media & Technology Group Corp. (NASDAQ:DJT) Acquired by Algert Global LLC

Algert Global LLC bought a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 27,363 shares of the company’s stock, valued at approximately $933,000.

A number of other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Trump Media & Technology Group by 50.0% during the 4th quarter. Northern Trust Corp now owns 417,243 shares of the company’s stock worth $14,228,000 after acquiring an additional 139,145 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Trump Media & Technology Group by 43.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,036 shares of the company’s stock worth $649,000 after purchasing an additional 5,749 shares in the last quarter. Quarry LP purchased a new position in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $117,000. Melqart Asset Management UK Ltd acquired a new position in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $18,725,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $326,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Phillip Juhan sold 21,059 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the transaction, the chief financial officer now owns 220,577 shares of the company’s stock, valued at $4,521,828.50. This represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 38,989 shares in the company, valued at approximately $763,014.73. This represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 53.00% of the company’s stock.

Trump Media & Technology Group Stock Down 1.0 %

Trump Media & Technology Group stock opened at $24.89 on Friday. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $56.55. The company’s 50 day moving average is $21.42 and its two-hundred day moving average is $29.02.

Trump Media & Technology Group (NASDAQ:DJT) last released its earnings results on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%. The company had revenue of $821.20 million during the quarter.

Trump Media & Technology Group Profile

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.