Eric Swider Sells 8,500 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) Stock

Trump Media & Technology Group Corp. (NASDAQ:DJT) Director Eric Swider sold 8,500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $21.41, for a total transaction of $181,985.00. Following the completion of the sale, the director now directly owns 17,489 shares of the company’s stock, valued at $374,439.49. The trade was a 32.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Eric Swider also recently made the following trade(s):

• On Wednesday, May 14th, Eric Swider sold 3,000 shares of Trump Media & Technology Group stock. The shares were sold at an average price of $26.65, for a total transaction of $79,950.00.

Trump Media & Technology Group Stock Performance

Trump Media & Technology Group stock opened at $20.52 on Thursday. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $54.68. The stock has a fifty day moving average of $22.78 and a two-hundred day moving average of $27.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Trump Media & Technology Group from a “hold” rating to a “sell” rating in a research report on Friday, June 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings 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 worth $307,136,000 after purchasing an additional 5,793,934 shares during the last quarter. Melqart Asset Management UK Ltd bought a new stake in Trump Media & Technology Group during the 4th quarter valued at $18,725,000. Invesco Ltd. boosted its holdings in shares of Trump Media & Technology Group by 785.1% in the fourth quarter. Invesco Ltd. now owns 512,613 shares of the company’s stock valued at $17,480,000 after acquiring an additional 454,699 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Trump Media & Technology Group by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock valued at $50,630,000 after buying an additional 386,227 shares during the period. Finally, Nuveen LLC bought a new position in shares of Trump Media & Technology Group during the 1st quarter valued at about $4,245,000. Institutional investors and hedge funds 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.