Geode Capital Management LLC Makes New $17.65 Million Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Geode Capital Management LLC purchased a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,098,028 shares of the company's stock, valued at approximately $17,650,000. Geode Capital Management LLC owned approximately 0.56% of Trump Media & Technology Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DJT. Rakuten Securities Inc. purchased a new position in shares of Trump Media & Technology Group during the third quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in Trump Media & Technology Group during the 3rd quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Trump Media & Technology Group during the third quarter valued at $34,000. MetLife Investment Management LLC bought a new stake in Trump Media & Technology Group in the third quarter worth $43,000. Finally, Allworth Financial LP purchased a new stake in shares of Trump Media & Technology Group in the third quarter worth $48,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 320,000 shares of Trump Media & Technology Group stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 329,798 shares of the company's stock, valued at approximately $10,108,308.70. The trade was a 49.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $512,368.23. Following the completion of the transaction, the general counsel now owns 336,576 shares in the company, valued at approximately $10,834,381.44. This trade 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 valued at $16,274,894 over the last ninety days. 14.80% of the stock is currently owned by corporate insiders.

Trump Media & Technology Group Stock Performance

Shares of NASDAQ DJT traded down $1.96 during midday trading on Monday, hitting $34.12. The stock had a trading volume of 6,128,949 shares, compared to its average volume of 15,575,138. The business's 50 day moving average is $34.20 and its 200-day moving average is $28.46. 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 current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

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.