Amalgamated Bank Makes New Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Amalgamated Bank purchased a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,620 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DJT. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at about $34,000. Allworth Financial LP acquired a new stake in Trump Media & Technology Group in the third quarter valued at approximately $48,000. Avondale Wealth Management purchased a new position in Trump Media & Technology Group in the third quarter worth $64,000. CWM LLC acquired a new position in shares of Trump Media & Technology Group during the third quarter worth $66,000. Finally, US Bancorp DE purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $76,000. 4.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $78,700.90. Following the completion of the transaction, the chief operating officer now directly owns 16,533 shares of the company’s stock, valued at approximately $375,299.10. This trade represents a 17.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Scott Glabe sold 4,083 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $92,684.10. Following the transaction, the general counsel now directly owns 15,917 shares of the company’s stock, valued at approximately $361,315.90. This trade represents a 20.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 664,238 shares of company stock worth $19,183,627 over the last 90 days. 14.80% of the stock is currently owned by corporate insiders.

Trump Media & Technology Group Stock Up 16.7 %

Shares of DJT stock opened at $32.78 on Tuesday. The stock’s fifty day moving average price is $25.56 and its 200 day moving average price is $31.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49. Trump Media & Technology Group Corp. has a 1-year low of $11.75 and a 1-year high of $79.38.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.