Trump Media & Technology Group (NASDAQ:DJT) Trading 3.5% Higher – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT) rose 3.5% during trading on Monday . The company traded as high as $34.40 and last traded at $33.03. Approximately 28,341,063 shares traded hands during trading, an increase of 82% from the average daily volume of 15,612,254 shares. The stock had previously closed at $31.91.

Trump Media & Technology Group Stock Down 5.1 %

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 firm’s 50 day moving average price is $24.61 and its two-hundred day moving average price is $31.81.

Insider Activity

In related news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the transaction, the chief technology officer now owns 37,199 shares of the company’s stock, valued at approximately $844,417.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Trump Media & Technology Group news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $177,082.70. Following the transaction, the chief technology officer now directly owns 37,199 shares in the company, valued at $844,417.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Andrew Northwall sold 3,467 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $375,299.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 664,238 shares of company stock worth $19,183,627 over the last ninety days. Corporate insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of DJT. Rakuten Securities Inc. bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in Trump Media & Technology Group in the third quarter worth $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Trump Media & Technology Group during the third quarter valued at $34,000. Allworth Financial LP acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth $48,000. Finally, Archer Investment Corp bought a new position in shares of Trump Media & Technology Group in the 3rd quarter worth about $48,000. Institutional investors and hedge funds 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.