Trump Media & Technology Group Corp. $DJT Shares Bought by Main Street Group LTD

Main Street Group LTD raised its position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 43.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,908 shares of the company’s stock after acquiring an additional 575 shares during the period. Main Street Group LTD’s holdings in Trump Media & Technology Group were worth $34,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Trump Media & Technology Group during the 1st quarter worth about $39,000. Golden State Wealth Management LLC increased its position in shares of Trump Media & Technology Group by 21.6% in the first quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company’s stock worth $45,000 after acquiring an additional 410 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Trump Media & Technology Group by 93.8% in the 1st quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock valued at $47,000 after acquiring an additional 1,157 shares during the period. AlphaQuest LLC lifted its holdings in shares of Trump Media & Technology Group by 179.5% during the 1st quarter. AlphaQuest LLC now owns 3,256 shares of the company’s stock valued at $64,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Trump Media & Technology Group by 16.7% during the 1st quarter. Deutsche Bank AG now owns 4,038 shares of the company’s stock worth $79,000 after purchasing an additional 579 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Price Performance

Shares of NASDAQ DJT opened at $17.47 on Wednesday. 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 Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $54.68. The business has a 50 day moving average price of $17.66 and a two-hundred day moving average price of $19.89. The firm has a market cap of $4.84 billion, a PE ratio of -35.65 and a beta of 4.67.

Trump Media & Technology Group (NASDAQ:DJT) last released its earnings results on Friday, August 1st. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.88 million 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%.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $17.61, for a total value 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. The trade was a 17.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 53.00% of the company’s stock.

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.