Trump Media & Technology Group (NASDAQ:DJT) Sets New 12-Month Low After Insider Selling

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) hit a new 52-week low during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $10.47 and last traded at $10.85, with a volume of 9913202 shares changing hands. The stock had previously closed at $11.07.

Specifically, Director Eric Swider sold 5,200 shares of Trump Media & Technology Group stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $10.59, for a total transaction of $55,068.00. Following the sale, the director directly owned 18,841 shares of the company’s stock, valued at approximately $199,526.19. The trade was a 21.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 data from MarketBeat.com, Trump Media & Technology Group has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Down 2.0%

The firm has a market cap of $3.04 billion, a P/E ratio of -18.39 and a beta of 4.56. The firm’s 50-day moving average price is $15.81 and its 200 day moving average price is $18.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 42.78 and a quick ratio of 42.78.

Institutional Investors Weigh In On Trump Media & Technology Group

Several institutional investors and hedge funds have recently made changes to their positions in DJT. Main Street Group LTD increased its stake in Trump Media & Technology Group by 43.1% during the second quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock valued at $34,000 after purchasing an additional 575 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Trump Media & Technology Group in the 1st quarter valued at about $39,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Trump Media & Technology Group by 37.2% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock valued at $39,000 after buying an additional 587 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Trump Media & Technology Group by 68.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock worth $54,000 after acquiring an additional 1,223 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Trump Media & Technology Group by 748.5% in the third quarter. Farther Finance Advisors LLC now owns 3,165 shares of the company’s stock worth $52,000 after acquiring an additional 2,792 shares during the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

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.