KLP Kapitalforvaltning AS Buys 18,900 Shares of Trump Media & Technology Group Corp. $DJT

KLP Kapitalforvaltning AS raised its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 121.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,500 shares of the company’s stock after buying an additional 18,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Trump Media & Technology Group were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DJT. GAMMA Investing LLC grew its position in shares of Trump Media & Technology Group by 1,854.1% in the 1st quarter. GAMMA Investing LLC now owns 10,806 shares of the company’s stock valued at $211,000 after buying an additional 10,253 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Trump Media & Technology Group by 119.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,815 shares of the company’s stock valued at $289,000 after buying an additional 8,075 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of 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 valued at $802,000 after buying an additional 530 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Trump Media & Technology Group in the 1st quarter valued at about $201,000. Finally, Wealthquest Corp bought a new stake in shares of Trump Media & Technology Group in the 1st quarter valued at about $3,432,000. Institutional investors own 4.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Up 2.5%

DJT stock opened at $16.18 on Friday. Trump Media & Technology Group Corp. has a twelve month low of $15.42 and a twelve month 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. The stock’s 50 day moving average is $17.16 and its 200-day moving average is $19.45. The firm has a market capitalization of $4.48 billion, a PE ratio of -33.02 and a beta of 4.59.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly 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 has approved a stock buyback program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction on Friday, August 29th. The stock was sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the sale, the director owned 24,041 shares of the company’s stock, valued at approximately $423,362.01. This trade represents a 17.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 53.00% of the company’s stock.

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.