Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Time to Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $29.95, but opened at $32.19. Trump Media & Technology Group shares last traded at $32.45, with a volume of 12,848,041 shares.

Trump Media & Technology Group Stock Performance

The business has a 50 day moving average of $19.65 and a 200 day moving average of $32.34.

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

Insider Activity

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group stock in a transaction dated 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 sale, the chief financial officer now owns 405,059 shares of the company’s stock, valued at $9,194,839.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group 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 $1,928,160.70. Following the sale, the chief financial officer now directly owns 405,059 shares in the company, valued at $9,194,839.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew Northwall sold 3,467 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 16,533 shares in the company, valued at approximately $375,299.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,138 shares of company stock worth $2,908,733 over the last quarter. 14.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently made changes to their positions in DJT. Creative Planning bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at about $538,000. Sapient Capital LLC acquired a new position in Trump Media & Technology Group during the third quarter worth approximately $2,339,000. Avondale Wealth Management bought a new stake in Trump Media & Technology Group in the third quarter valued at approximately $64,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $34,000. Finally, CWM LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $66,000. Institutional investors own 4.29% of the company’s stock.

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.