Trump Media & Technology Group Corp. $DJT Shares Sold by Cwm LLC

Cwm LLC decreased its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 32.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,569 shares of the company’s stock after selling 3,197 shares during the period. Cwm LLC’s holdings in Trump Media & Technology Group were worth $119,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Trump Media & Technology Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock valued at $180,639,000 after buying an additional 237,668 shares during the period. Bank of New York Mellon Corp increased its stake in Trump Media & Technology Group by 19.2% during the 1st quarter. Bank of New York Mellon Corp now owns 231,726 shares of the company’s stock valued at $4,528,000 after buying an additional 37,352 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Trump Media & Technology Group by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock valued at $4,264,000 after buying an additional 37,367 shares during the period. Nuveen LLC acquired a new position in Trump Media & Technology Group during the 1st quarter valued at about $4,245,000. Finally, Wealthquest Corp acquired a new position in Trump Media & Technology Group during the 1st quarter valued at about $3,432,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Trump Media & Technology Group has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Performance

DJT opened at $15.32 on Friday. The firm has a market cap of $4.24 billion, a PE ratio of -31.27 and a beta of 4.59. 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 business has a fifty day simple moving average of $16.78 and a 200-day simple moving average of $19.28. Trump Media & Technology Group Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $45.77.

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

Insider Buying and Selling at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of the firm’s 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 directly owned 24,041 shares of the company’s stock, valued at $423,362.01. This trade represents a 17.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 53.00% of the stock is currently owned by corporate insiders.

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.