Spire Wealth Management Makes New Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Spire Wealth Management purchased a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,930 shares of the company’s stock, valued at approximately $850,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new stake in Trump Media & Technology Group during the third quarter valued at $9,564,000. Lincoln Capital Corp bought a new position in Trump Media & Technology Group during the third quarter valued at approximately $323,000. The Manufacturers Life Insurance Company bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at approximately $214,000. Greenwich Wealth Management LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $10,946,000. Finally, Sapient Capital LLC purchased a new position in Trump Media & Technology Group during the 3rd quarter worth $2,339,000. Institutional investors own 4.29% of the company’s stock.

Insider Activity at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 64,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the sale, the chief financial officer now owns 265,798 shares of the company’s stock, valued at $8,763,360.06. The trade was a 19.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group 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 transaction, the general counsel now owns 336,576 shares of the company’s stock, valued at $10,834,381.44. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 536,100 shares of company stock worth $16,274,894. Insiders own 14.80% of the company’s stock.

Trump Media & Technology Group Price Performance

Shares of NASDAQ:DJT opened at $30.62 on Wednesday. Trump Media & Technology Group Corp. has a 12-month low of $11.75 and a 12-month high of $79.38. The business’s fifty day simple moving average is $34.91 and its 200-day simple moving average is $28.80. 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 (NASDAQ:DJT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $1.01 million during the quarter.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.