Creek Drive Management Group LLC Purchases Shares of 250,000 Trump Media & Technology Group Corp. $DJT

Creek Drive Management Group LLC acquired a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 250,000 shares of the company’s stock, valued at approximately $3,310,000. Trump Media & Technology Group comprises approximately 2.3% of Creek Drive Management Group LLC’s portfolio, making the stock its 15th biggest holding. Creek Drive Management Group LLC owned 0.09% of Trump Media & Technology Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DJT. Vanguard Group Inc. raised its stake 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 valued at $243,577,000 after purchasing an additional 5,143,195 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Trump Media & Technology Group by 114,382.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 507,159 shares of the company’s stock worth $6,715,000 after buying an additional 506,716 shares in the last quarter. Yorkville Advisors Global LP grew its stake in shares of Trump Media & Technology Group by 7.6% in the 4th quarter. Yorkville Advisors Global LP now owns 6,641,944 shares of the company’s stock worth $87,939,000 after buying an additional 471,881 shares in the last quarter. Asset One Wealth Management LLC bought a new stake in shares of Trump Media & Technology Group in the 4th quarter worth about $1,895,000. Finally, Clear Street Group Inc. increased its holdings in shares of Trump Media & Technology Group by 323,356.9% in the 4th quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock worth $17,173,000 after buying an additional 1,296,661 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trump Media & Technology Group in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Trump Media & Technology Group presently has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Performance

NASDAQ DJT opened at $8.49 on Friday. The business’s 50 day moving average price is $8.87 and its 200-day moving average price is $10.65. Trump Media & Technology Group Corp. has a fifty-two week low of $7.75 and a fifty-two week high of $20.92. The company has a market cap of $2.35 billion, a P/E ratio of -2.06 and a beta of 4.06.

About Trump Media & Technology Group

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.