Trump Media & Technology Group Corp. (NASDAQ:DJT) Stake Increased by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 20.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,286 shares of the company’s stock after acquiring an additional 4,896 shares during the quarter. Alliancebernstein L.P.’s holdings in Trump Media & Technology Group were worth $999,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DJT. Tsfg LLC acquired a new position in Trump Media & Technology Group during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Trump Media & Technology Group during the 4th quarter worth about $34,000. AlphaQuest LLC increased its holdings in shares of Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock valued at $40,000 after acquiring an additional 681 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in Trump Media & Technology Group by 245.8% in the 4th quarter. Independence Bank of Kentucky now owns 1,383 shares of the company’s stock worth $47,000 after purchasing an additional 983 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Trump Media & Technology Group during the 4th quarter worth $57,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Phillip Juhan sold 21,059 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $20.50, for a total value of $431,709.50. Following the sale, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Swider sold 5,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total transaction of $97,850.00. Following the sale, the director now owns 38,989 shares of the company’s stock, valued at $763,014.73. This trade represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. 53.00% of the stock is owned by company insiders.

Trump Media & Technology Group Stock Up 11.7 %

Trump Media & Technology Group stock opened at $22.04 on Friday. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $56.55. The business’s 50-day simple moving average is $22.00 and its 200-day simple moving average is $29.07. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group Profile

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.