JPMorgan Chase & Co. trimmed its holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT – Free Report) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,160 shares of the company’s stock after selling 8,825 shares during the period. JPMorgan Chase & Co.’s holdings in Trump Media & Technology Group were worth $710,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in Trump Media & Technology Group in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth $34,000. MetLife Investment Management LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at $43,000. Finally, Allworth Financial LP acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 4.29% of the company’s stock.
Trump Media & Technology Group Trading Down 2.5 %
Trump Media & Technology Group stock opened at $32.71 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $79.38. The firm has a fifty day moving average price of $34.89 and a two-hundred day moving average price of $28.98.
Insiders Place Their Bets
In related news, Director Eric Swider sold 136,183 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 320,000 shares of Trump Media & Technology Group stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.65, for a total value of $9,808,000.00. Following the sale, the chief financial officer now directly owns 329,798 shares in the company, valued at approximately $10,108,308.70. This trade represents a 49.25 % 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 in the last three months. Company insiders own 14.80% of the company’s stock.
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.
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