Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Time to Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $31.30, but opened at $32.08. Trump Media & Technology Group shares last traded at $32.93, with a volume of 15,940,885 shares traded.

Trump Media & Technology Group Stock Performance

The firm’s 50 day moving average price is $20.03 and its 200-day moving average price is $31.58.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.84 million during the quarter.

Insider Activity

In other news, CFO Phillip Juhan sold 84,941 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $1,928,160.70. Following the completion of the sale, the chief financial officer now owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $1,928,160.70. Following the sale, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Vladimir Novachki sold 7,801 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the sale, the chief technology officer now owns 37,199 shares of the company’s stock, valued at $844,417.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock worth $2,908,733 in the last quarter. Corporate insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds have recently modified their holdings of the business. Sapient Capital LLC purchased a new stake in Trump Media & Technology Group in the 3rd quarter valued at $2,339,000. Creative Planning purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter worth $538,000. Vontobel Holding Ltd. acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at about $386,000. Private Advisor Group LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $263,000. Finally, Blue Trust Inc. acquired a new stake in Trump Media & Technology Group during the third quarter worth about $83,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.