Rhumbline Advisers Sells 1,318 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Rhumbline Advisers trimmed its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,658 shares of the company’s stock after selling 1,318 shares during the period. Rhumbline Advisers’ holdings in Trump Media & Technology Group were worth $1,478,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DJT. Avondale Wealth Management increased its holdings in Trump Media & Technology Group by 66.7% during the 1st quarter. Avondale Wealth Management now owns 5,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,000 shares during the period. Parallel Advisors LLC lifted its position in Trump Media & Technology Group by 93.8% during the 1st quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock worth $47,000 after acquiring an additional 1,157 shares during the period. GAMMA Investing LLC lifted its position in Trump Media & Technology Group by 1,854.1% during the 1st quarter. GAMMA Investing LLC now owns 10,806 shares of the company’s stock worth $211,000 after acquiring an additional 10,253 shares during the period. Wellington Management Group LLP acquired a new stake in Trump Media & Technology Group during the 4th quarter worth about $1,498,000. Finally, California State Teachers Retirement System lifted its position in Trump Media & Technology Group by 38.0% during the 4th quarter. California State Teachers Retirement System now owns 74,459 shares of the company’s stock worth $2,539,000 after acquiring an additional 20,500 shares during the period. 4.29% of the stock is owned by institutional investors.

Trump Media & Technology Group Stock Performance

Shares of Trump Media & Technology Group stock opened at $18.57 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 38.41 and a current ratio of 38.41. Trump Media & Technology Group Corp. has a twelve month low of $11.75 and a twelve month high of $54.68. The business has a 50-day moving average price of $22.86 and a 200 day moving average price of $26.97.

Trump Media & Technology Group (NASDAQ:DJT) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.14) EPS for the quarter. Trump Media & Technology Group had a negative return on equity of 14.17% and a negative net margin of 2,861.60%. The firm had revenue of $821.20 million for the quarter.

Insider Activity at Trump Media & Technology Group

In related news, General Counsel Scott Glabe sold 57,995 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $26.44, for a total value of $1,533,387.80. Following the transaction, the general counsel now owns 239,503 shares of the company’s stock, valued at $6,332,459.32. This represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Phillip Juhan sold 45,005 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $27.15, for a total value of $1,221,885.75. Following the transaction, the chief financial officer now directly owns 175,572 shares in the company, valued at approximately $4,766,779.80. The trade was a 20.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,806 shares of company stock worth $5,062,725. Insiders own 53.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Trump Media & Technology Group from a “hold” rating to a “sell” rating in a research report on Friday, June 6th.

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.