Trump Media & Technology Group (NASDAQ:DJT) Stock Price Up 10% – Still a Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) traded up 10% during mid-day trading on Friday . The stock traded as high as $32.00 and last traded at $30.47. Approximately 41,758,043 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 15,280,396 shares. The stock had previously closed at $27.69.

Trump Media & Technology Group Trading Up 15.2 %

The firm’s 50-day simple moving average is $24.09 and its 200 day simple moving average is $31.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 24.73 and a current ratio of 47.49.

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

Insiders Place Their Bets

In other news, CFO Phillip Juhan sold 84,941 shares of the 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 completion of the sale, the chief financial officer now owns 405,059 shares of the company’s stock, valued at approximately $9,194,839.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the completion of the sale, the chief financial officer now directly owns 405,059 shares in the company, valued at approximately $9,194,839.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andrew Northwall sold 3,467 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 $78,700.90. Following the transaction, the chief operating officer now directly owns 16,533 shares in the company, valued at approximately $375,299.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock valued at $2,908,733 in the last 90 days. 14.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of large investors have recently added to or reduced their stakes in the business. Greenwich Wealth Management LLC acquired a new position in shares of Trump Media & Technology Group in the third quarter valued at $10,946,000. Sapient Capital LLC bought a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth about $2,339,000. Busey Bank acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at about $727,000. Creative Planning bought a new position in Trump Media & Technology Group in the 3rd quarter valued at about $538,000. Finally, Vontobel Holding Ltd. acquired a new stake in Trump Media & Technology Group during the third quarter worth approximately $386,000. Institutional investors own 4.29% of the company’s stock.

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.