Captrust Financial Advisors Invests $291,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Captrust Financial Advisors purchased a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,527 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Trump Media & Technology Group by 180.3% during the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock worth $307,136,000 after purchasing an additional 5,793,934 shares in the last quarter. Geode Capital Management LLC increased its stake in Trump Media & Technology Group by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock valued at $50,630,000 after acquiring an additional 386,227 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Trump Media & Technology Group by 32.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock valued at $26,895,000 after acquiring an additional 193,563 shares during the last quarter. Melqart Asset Management UK Ltd purchased a new stake in Trump Media & Technology Group during the fourth quarter valued at about $18,725,000. Finally, Invesco Ltd. boosted its position in Trump Media & Technology Group by 785.1% during the fourth quarter. Invesco Ltd. now owns 512,613 shares of the company’s stock valued at $17,480,000 after buying an additional 454,699 shares during the period. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Devin G. Nunes sold 59,483 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total transaction of $1,573,920.18. Following the transaction, the chief executive officer now directly owns 1,148,705 shares in the company, valued at approximately $30,394,734.30. This trade represents a 4.92% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total value of $97,850.00. Following the transaction, the director now directly owns 38,989 shares in the company, valued at approximately $763,014.73. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 209,365 shares of company stock worth $5,410,300 in the last 90 days. 53.00% of the stock is currently owned by corporate insiders.

Trump Media & Technology Group Price Performance

Shares of DJT opened at $24.89 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. Trump Media & Technology Group Corp. has a one year low of $11.75 and a one year high of $54.68. The company has a 50-day simple moving average of $22.07 and a two-hundred day simple moving average of $28.33.

Trump Media & Technology Group (NASDAQ:DJT) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.14) earnings per share for the quarter. Trump Media & Technology Group had a negative return on equity of 70.26% and a negative net margin of 11,076.68%. The firm had revenue of $821.20 million during the quarter.

Trump Media & Technology Group Company 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.