Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,200 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,996 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Trump Media & Technology Group were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DJT. GeoWealth Management LLC lifted its position in Trump Media & Technology Group by 41,550.0% during the fourth quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock valued at $28,000 after purchasing an additional 831 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its position in Trump Media & Technology Group by 350.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock valued at $31,000 after purchasing an additional 701 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Trump Media & Technology Group by 85.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Trump Media & Technology Group by 21.6% during the first quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company’s stock valued at $45,000 after purchasing an additional 410 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Trump Media & Technology Group by 93.8% during the first quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock valued at $47,000 after purchasing an additional 1,157 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Vladimir Novachki sold 17,823 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total value of $471,596.58. Following the transaction, the chief technology officer owned 511,940 shares in the company, valued at $13,545,932.40. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Phillip Juhan sold 45,005 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $27.15, for a total transaction of $1,221,885.75. Following the transaction, the chief financial officer owned 175,572 shares in the company, valued at $4,766,779.80. This represents a 20.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,806 shares of company stock worth $5,062,725 over the last quarter. 53.00% of the stock is owned by insiders.

Trump Media & Technology Group Stock Performance

Shares of DJT stock opened at $17.13 on Friday. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $54.68. The stock has a market cap of $3.78 billion, a PE ratio of -34.96 and a beta of 4.68. The company has a current ratio of 132.60, a quick ratio of 38.41 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $18.85 and its 200-day moving average price is $22.53.

Trump Media & Technology Group (NASDAQ:DJT) last announced its earnings results on Friday, August 1st. The company reported ($0.08) EPS for the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%. The business had revenue of $0.88 million for the quarter.

Trump Media & Technology Group declared that its Board of Directors has authorized a share buyback plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 10.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

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

About Trump Media & Technology Group

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.