Fmr LLC Takes $150,000 Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Fmr LLC bought a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 9,343 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $9,564,000. Lincoln Capital Corp purchased a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $323,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth $214,000. Greenwich Wealth Management LLC purchased a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $10,946,000. Finally, Sapient Capital LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $2,339,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 320,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the transaction, the chief financial officer now owns 329,798 shares in the company, valued at $10,108,308.70. The trade was a 49.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Scott Glabe sold 15,917 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the transaction, the general counsel now directly owns 336,576 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 536,100 shares of company stock worth $16,274,894 in the last quarter. Company insiders own 14.80% of the company’s stock.

Trump Media & Technology Group Trading Down 2.0 %

Shares of DJT stock opened at $34.71 on Monday. The stock’s 50-day moving average price is $33.56 and its 200 day moving average price is $28.82. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $79.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

Trump Media & Technology Group 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.