Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Time to Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped up before the market opened on Thursday . The stock had previously closed at $10.47, but opened at $13.44. Trump Media & Technology Group shares last traded at $13.7240, with a volume of 34,734,398 shares changing hands.

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trump Media & Technology Group has an average rating of “Sell”.

Trump Media & Technology Group Stock Up 37.6%

The stock has a market cap of $4.03 billion, a PE ratio of -24.41 and a beta of 4.59. The company has a current ratio of 42.78, a quick ratio of 42.78 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $13.09 and a 200-day moving average price of $16.34.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 5,200 shares of the 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 transaction, the director directly owned 18,841 shares of the company’s stock, valued at $199,526.19. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 53.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DJT. Vanguard Group Inc. increased its stake in Trump Media & Technology Group by 53.1% during the 3rd quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after buying an additional 5,143,195 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Trump Media & Technology Group in the second quarter worth approximately $24,549,000. Man Group plc increased its position in shares of Trump Media & Technology Group by 1,775.2% during the third quarter. Man Group plc now owns 703,970 shares of the company’s stock worth $11,559,000 after purchasing an additional 666,429 shares in the last quarter. Nuveen LLC acquired a new position in Trump Media & Technology Group in the 1st quarter valued at $4,245,000. Finally, Geode Capital Management LLC lifted its holdings in Trump Media & Technology Group by 13.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock valued at $32,908,000 after purchasing an additional 216,718 shares in the last quarter. 4.29% of the stock is owned by hedge funds and other institutional investors.

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.