Hancock Prospecting Pty Ltd Buys 100,000 Shares of Trump Media & Technology Group Corp. $DJT

Hancock Prospecting Pty Ltd raised its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 66.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 250,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Trump Media & Technology Group accounts for about 0.1% of Hancock Prospecting Pty Ltd’s investment portfolio, making the stock its 22nd biggest holding. Hancock Prospecting Pty Ltd owned approximately 0.09% of Trump Media & Technology Group worth $4,510,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Main Street Group LTD lifted its position in shares of Trump Media & Technology Group by 43.1% during the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock valued at $34,000 after buying an additional 575 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in 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 worth $39,000 after acquiring an additional 587 shares during the period. Daiwa Securities Group Inc. lifted its holdings 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 valued at $54,000 after purchasing an additional 1,223 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Trump Media & Technology Group by 179.5% in the first quarter. AlphaQuest LLC now owns 3,256 shares of the company’s stock worth $64,000 after purchasing an additional 2,091 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Trump Media & Technology Group by 202.6% in the second quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company’s stock worth $68,000 after purchasing an additional 2,514 shares in the last quarter. Institutional investors own 4.29% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,200 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $10.59, for a total transaction of $55,068.00. Following the completion of the transaction, the director directly owned 18,841 shares of the company’s stock, valued at approximately $199,526.19. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 53.00% of the company’s stock.

Trump Media & Technology Group Trading Down 2.4%

DJT stock opened at $10.65 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 42.78 and a quick ratio of 42.78. Trump Media & Technology Group Corp. has a 1-year low of $10.18 and a 1-year high of $43.46. The business has a 50 day simple moving average of $13.50 and a two-hundred day simple moving average of $16.61. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -18.05 and a beta of 4.59.

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.