Trump Media & Technology Group Corp. $DJT Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 74.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,978 shares of the company’s stock after buying an additional 3,839 shares during the quarter. Blue Trust Inc.’s holdings in Trump Media & Technology Group were worth $162,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Trump Media & Technology Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock valued at $180,639,000 after acquiring an additional 237,668 shares during the period. Bank of New York Mellon Corp increased its position in Trump Media & Technology Group by 19.2% during the first quarter. Bank of New York Mellon Corp now owns 231,726 shares of the company’s stock worth $4,528,000 after buying an additional 37,352 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Trump Media & Technology Group by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock worth $4,264,000 after buying an additional 37,367 shares during the period. Nuveen LLC purchased a new position in shares of Trump Media & Technology Group in the 1st quarter valued at approximately $4,245,000. Finally, Wealthquest Corp purchased a new position in shares of Trump Media & Technology Group in the 1st quarter valued at approximately $3,432,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $17.61, for a total value of $88,050.00. Following the completion of the transaction, the director directly owned 24,041 shares of the company’s stock, valued at $423,362.01. This represents a 17.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 53.00% of the company’s stock.

Trump Media & Technology Group Price Performance

DJT stock opened at $16.27 on Thursday. Trump Media & Technology Group Corp. has a 12-month low of $15.42 and a 12-month high of $54.68. The stock has a 50-day moving average price of $17.20 and a two-hundred day moving average price of $19.51. The company has a current ratio of 132.60, a quick ratio of 132.60 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.51 billion, a PE ratio of -33.20 and a beta of 4.59.

Trump Media & Technology Group (NASDAQ:DJT) last issued its earnings results on Friday, August 1st. The company reported ($0.08) earnings per share for the quarter. Trump Media & Technology Group had a negative return on equity of 8.86% and a negative net margin of 2,922.66%.The company had revenue of $0.88 million during the quarter.

Trump Media & Technology Group announced that its board has authorized a stock repurchase program on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to repurchase up to 10.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.