Trump Media & Technology Group (NASDAQ:DJT) Shares Up 6.8% – Time to Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price shot up 6.8% on Friday . The stock traded as high as $38.00 and last traded at $37.33. 10,663,423 shares were traded during mid-day trading, an increase of 5% from the average session volume of 10,195,235 shares. The stock had previously closed at $34.95.

Trump Media & Technology Group Trading Up 12.6 %

The stock’s fifty day moving average price is $20.71 and its 200-day moving average price is $31.59.

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

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CTO Vladimir Novachki sold 7,801 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 $177,082.70. Following the completion of the transaction, the chief technology officer now directly owns 37,199 shares of the company’s stock, valued at $844,417.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Phillip Juhan sold 84,941 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 value of $1,928,160.70. Following the completion of the transaction, the chief financial officer now owns 405,059 shares in the company, valued at $9,194,839.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,138 shares of company stock worth $2,908,733 in the last 90 days. 14.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

Several large investors have recently made changes to their positions in the company. Sapient Capital LLC acquired a new position in Trump Media & Technology Group during the third quarter valued at approximately $2,339,000. Busey Bank acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $727,000. Creative Planning acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $538,000. Vontobel Holding Ltd. bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at $386,000. Finally, Lincoln Capital Corp acquired a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $323,000. 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.