SBI Securities Co. Ltd. Sells 3,251 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

SBI Securities Co. Ltd. decreased its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,316 shares of the company’s stock after selling 3,251 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Trump Media & Technology Group were worth $202,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GeoWealth Management LLC raised its holdings in Trump Media & Technology Group by 41,550.0% in 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. Glass Jacobson Investment Advisors llc grew its position in shares of Trump Media & Technology Group by 350.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock valued at $31,000 after purchasing an additional 701 shares in the last quarter. AlphaQuest LLC lifted its holdings in Trump Media & Technology Group by 140.7% in 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. Russell Investments Group Ltd. lifted its holdings in Trump Media & Technology Group by 85.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Trump Media & Technology Group by 52,333.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,573 shares of the company’s stock worth $54,000 after purchasing an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Trading Up 1.2%

Shares of NASDAQ:DJT opened at $19.16 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 38.41 and a quick ratio of 38.41. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $54.68. The stock’s 50 day moving average price is $20.82 and its 200 day moving average price is $24.50.

Trump Media & Technology Group (NASDAQ:DJT) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $821.20 million during the quarter. Trump Media & Technology Group had a negative net margin of 2,861.60% and a negative return on equity of 14.17%.

Trump Media & Technology Group declared that its board has initiated a share buyback plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 10.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Trump Media & Technology Group

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 45,005 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $27.15, for a total value of $1,221,885.75. Following the sale, the chief financial officer directly owned 175,572 shares in the company, valued at approximately $4,766,779.80. This trade represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric Swider sold 8,500 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 17,489 shares of the company’s stock, valued at approximately $374,439.49. This trade represents a 32.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,806 shares of company stock valued at $5,062,725 over the last three months. Insiders own 53.00% of the company’s stock.

Analyst Upgrades and Downgrades

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.

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.