Trump Media & Technology Group (NASDAQ:DJT) Trading Up 3.8% - Still a Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) were up 3.8% on Friday . The stock traded as high as $28.72 and last traded at $28.01. Approximately 8,443,376 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 15,829,123 shares. The stock had previously closed at $26.99.

Trump Media & Technology Group Stock Performance

The stock has a 50-day moving average price of $25.04 and a two-hundred day moving average price of $31.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of the firm'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 completion of the transaction, the chief operating officer now owns 16,533 shares in the company, valued at $375,299.10. This trade represents a 17.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $177,082.70. Following the transaction, the chief technology officer now owns 37,199 shares of the company's stock, valued at $844,417.30. This represents a 17.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 664,238 shares of company stock valued at $19,183,627 over the last three months. Corporate insiders own 14.80% of the company's stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently made changes to their positions in DJT. Lincoln Capital Corp bought a new position in Trump Media & Technology Group in the 3rd quarter valued at $323,000. Greenwich Wealth Management LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $10,946,000. Sapient Capital LLC bought a new position in Trump Media & Technology Group in the third quarter worth approximately $2,339,000. Vontobel Holding Ltd. bought a new position in Trump Media & Technology Group in the third quarter worth approximately $386,000. Finally, Creative Planning bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at $538,000. Hedge funds and other 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.

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