Trump Media & Technology Group (NASDAQ:DJT) Trading Up 3.5% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price shot up 3.5% on Monday . The company traded as high as $34.40 and last traded at $33.03. 28,341,063 shares changed hands during trading, an increase of 82% from the average session volume of 15,612,254 shares. The stock had previously closed at $31.91.

Trump Media & Technology Group Stock Up 2.7 %

The company has a current ratio of 47.49, a quick ratio of 24.73 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $24.09 and a two-hundred day moving average of $31.92.

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

Insiders Place Their Bets

In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of the company’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 transaction of $78,700.90. Following the transaction, the chief operating officer now owns 16,533 shares in the company, valued at approximately $375,299.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Andrew Northwall sold 3,467 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 16,533 shares in the company, valued at $375,299.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Phillip Juhan sold 84,941 shares of the stock in a transaction 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 $9,194,839.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,138 shares of company stock valued at $2,908,733 over the last 90 days. Insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

Large investors have recently made changes to their positions in the business. Greenwich Wealth Management LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $10,946,000. Sapient Capital LLC acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $2,339,000. Busey Bank purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $727,000. Creative Planning purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth $538,000. Finally, Vontobel Holding Ltd. acquired a new position in Trump Media & Technology Group in the third quarter valued at $386,000. 4.29% of the stock is owned by institutional investors and hedge funds.

About Trump Media & Technology Group

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.