Trump Media & Technology Group (NASDAQ:DJT) Trading 5.6% Higher – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price traded up 5.6% during trading on Tuesday . The stock traded as high as $20.74 and last traded at $20.64. 1,718,947 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 15,938,206 shares. The stock had previously closed at $19.54.

Trump Media & Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. The company’s 50-day moving average is $26.03 and its 200 day moving average is $28.90.

Insider Activity

In other news, Director Eric Swider sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total value of $97,850.00. Following the transaction, the director now directly owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction on Monday, March 10th. The shares were sold at an average price of $20.50, for a total value of $431,709.50. Following the sale, the chief financial officer now directly owns 220,577 shares of the company’s stock, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Trump Media & Technology Group by 180.3% in the fourth quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock worth $307,136,000 after buying an additional 5,793,934 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Trump Media & Technology Group by 35.2% in the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock valued at $50,630,000 after purchasing an additional 386,227 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after buying an additional 193,563 shares during the last quarter. State Street Corp acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth about $11,397,000. Finally, Melqart Asset Management UK Ltd bought a new stake in shares of Trump Media & Technology Group during the 4th quarter worth about $18,725,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

About Trump Media & Technology Group

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.