Larson Financial Group LLC Acquires New Shares in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Larson Financial Group LLC bought a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,837 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in shares of Trump Media & Technology Group during the third quarter worth $27,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter worth $34,000. Allworth Financial LP bought a new position in Trump Media & Technology Group during the 3rd quarter worth about $48,000. Archer Investment Corp acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at about $48,000. Finally, Huntington National Bank bought a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $51,000. 4.29% of the stock is currently owned by institutional investors.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $32.19, for a total value of $512,368.23. Following the completion of the transaction, the general counsel now directly owns 336,576 shares in the company, valued at $10,834,381.44. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The disclosure for this sale can be found here. Insiders have sold a total of 536,100 shares of company stock valued at $16,274,894 over the last 90 days. 14.80% of the stock is owned by corporate insiders.

Trump Media & Technology Group Price Performance

NASDAQ:DJT opened at $31.60 on Friday. The stock has a 50-day simple moving average of $28.12 and a 200 day simple moving average of $30.17. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $79.38. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group 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.