Charles Schwab Investment Management Inc. purchased a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 595,159 shares of the company's stock, valued at approximately $9,564,000. Charles Schwab Investment Management Inc. owned about 0.31% of Trump Media & Technology Group as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in DJT. Rakuten Securities Inc. purchased a new position in Trump Media & Technology Group during the 3rd quarter worth $27,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Trump Media & Technology Group during the third quarter worth about $34,000. Allworth Financial LP acquired a new stake in Trump Media & Technology Group in the third quarter valued at about $48,000. Archer Investment Corp purchased a new stake in Trump Media & Technology Group in the 3rd quarter valued at approximately $48,000. Finally, Huntington National Bank acquired a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 4.29% of the company's stock.
Insider Transactions at Trump Media & Technology Group
In other Trump Media & Technology Group news, Director Eric Swider sold 136,183 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the sale, the general counsel now owns 336,576 shares in the company, valued at $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 536,100 shares of company stock valued at $16,274,894 in the last quarter. 14.80% of the stock is currently owned by corporate insiders.
Trump Media & Technology Group Stock Down 3.5 %
DJT stock traded down $1.22 during trading on Tuesday, reaching $34.12. 10,424,641 shares of the company were exchanged, compared to its average volume of 15,884,036. The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $30.55 and its 200 day moving average price is $29.45. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $79.38.
Trump Media & Technology Group Profile
(
Free Report)
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.
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