Vanguard Group Inc. Acquires 237,668 Shares of Trump Media & Technology Group Corp. $DJT

Vanguard Group Inc. boosted its holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,244,587 shares of the company’s stock after purchasing an additional 237,668 shares during the quarter. Vanguard Group Inc. owned approximately 4.20% of Trump Media & Technology Group worth $180,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its stake in Trump Media & Technology Group by 21.6% in the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company’s stock worth $45,000 after purchasing an additional 410 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Trump Media & Technology Group by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,031 shares of the company’s stock worth $802,000 after purchasing an additional 530 shares during the period. Russell Investments Group Ltd. boosted its stake in Trump Media & Technology Group by 85.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the period. Amalgamated Bank boosted its stake in Trump Media & Technology Group by 15.6% in the 1st quarter. Amalgamated Bank now owns 4,821 shares of the company’s stock worth $94,000 after purchasing an additional 651 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Trump Media & Technology Group by 26.9% in the 4th quarter. MetLife Investment Management LLC now owns 3,363 shares of the company’s stock worth $115,000 after purchasing an additional 712 shares during the period. 4.29% of the stock is currently owned by institutional investors.

Insider Transactions at Trump Media & Technology Group

In related news, Director Eric Swider sold 8,500 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $21.41, for a total value of $181,985.00. Following the completion of the sale, the director directly owned 17,489 shares in the company, valued at $374,439.49. This trade represents a 32.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 53.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Trump Media & Technology Group Stock Down 5.4%

Shares of DJT opened at $17.41 on Wednesday. The company has a market cap of $4.82 billion, a PE ratio of -35.53 and a beta of 4.68. The business has a fifty day moving average of $18.29 and a 200 day moving average of $21.65. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $54.68. The company has a quick ratio of 132.60, a current ratio of 132.60 and a debt-to-equity ratio of 0.41.

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

Trump Media & Technology Group announced that its board has authorized a stock repurchase program on Monday, June 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to purchase up to 10.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.