Insider Selling: Trump Media & Technology Group (NASDAQ:DJT) Director Sells 5,200 Shares of Stock

Trump Media & Technology Group Corp. (NASDAQ:DJT) Director Eric Swider sold 5,200 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.59, for a total transaction of $55,068.00. Following the completion of the sale, the director owned 18,841 shares in the company, valued at $199,526.19. The trade was a 21.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 29th, Eric Swider sold 5,000 shares of Trump Media & Technology Group stock. The shares were sold at an average price of $17.61, for a total transaction of $88,050.00.

Trump Media & Technology Group Stock Performance

DJT traded down $0.22 during midday trading on Monday, hitting $10.85. 9,913,202 shares of the company were exchanged, compared to its average volume of 5,781,420. The company’s 50 day simple moving average is $15.81 and its 200 day simple moving average is $18.38. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -18.39 and a beta of 4.56. Trump Media & Technology Group Corp. has a 1-year low of $10.47 and a 1-year high of $43.46. The company has a current ratio of 42.78, a quick ratio of 42.78 and a debt-to-equity ratio of 0.42.

Hedge Funds Weigh In On Trump Media & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of DJT. Vanguard Group Inc. boosted its position in Trump Media & Technology Group by 53.1% during the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after purchasing an additional 5,143,195 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Trump Media & Technology Group by 13.5% in the second quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock valued at $32,908,000 after buying an additional 216,718 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Trump Media & Technology Group during the 2nd quarter worth approximately $24,549,000. Man Group plc lifted its position in shares of Trump Media & Technology Group by 1,775.2% during the 3rd quarter. Man Group plc now owns 703,970 shares of the company’s stock valued at $11,559,000 after buying an additional 666,429 shares in the last quarter. Finally, Hancock Prospecting Pty Ltd grew its stake in Trump Media & Technology Group by 72.0% in the 3rd quarter. Hancock Prospecting Pty Ltd now owns 430,000 shares of the company’s stock valued at $7,061,000 after acquiring an additional 180,000 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Trump Media & Technology Group Company 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.