Parallel Advisors LLC Purchases 1,157 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Parallel Advisors LLC boosted its position in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 93.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,391 shares of the company’s stock after purchasing an additional 1,157 shares during the period. Parallel Advisors LLC’s holdings in Trump Media & Technology Group were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DJT. Strategic Financial Concepts LLC bought a new stake in Trump Media & Technology Group in the fourth quarter worth about $730,000. Golden State Wealth Management LLC bought a new stake in Trump Media & Technology Group in the fourth quarter worth about $65,000. Wilmington Savings Fund Society FSB bought a new stake in Trump Media & Technology Group in the fourth quarter worth about $34,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Trump Media & Technology Group in the fourth quarter worth about $6,642,000. Finally, Center for Financial Planning Inc. lifted its stake in Trump Media & Technology Group by 194.4% in the fourth quarter. Center for Financial Planning Inc. now owns 9,389 shares of the company’s stock worth $320,000 after purchasing an additional 6,200 shares during the last quarter. Institutional investors own 4.29% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Trump Media & Technology Group from a “hold” rating to a “sell” rating in a research report on Friday.

Trump Media & Technology Group Price Performance

Shares of NASDAQ:DJT opened at $20.90 on Monday. The firm’s 50 day simple moving average is $22.61 and its 200-day simple moving average is $27.54. 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 quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group (NASDAQ:DJT) last issued its earnings results on Friday, May 9th. The company reported ($0.14) EPS for the quarter. The company had revenue of $821.20 million 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%.

Insider Transactions at Trump Media & Technology Group

In related news, CEO Devin G. Nunes sold 59,483 shares of Trump Media & Technology Group 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 of the company’s stock, valued at $30,394,734.30. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction 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. Over the last three months, insiders have sold 188,306 shares of company stock valued at $4,978,590. 53.00% of the stock is currently owned by company insiders.

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.