Trump Media & Technology Group (NASDAQ:DJT) Shares Up 6.8% – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares traded up 6.8% during trading on Friday . The company traded as high as $38.00 and last traded at $37.33. 10,663,423 shares were traded during trading, an increase of 5% from the average session volume of 10,195,235 shares. The stock had previously closed at $34.95.

Trump Media & Technology Group Price Performance

The firm has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $31.56.

Trump Media & Technology Group (NASDAQ:DJT) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.84 million during the quarter.

Insider Activity

In related news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the transaction, the chief technology officer now directly owns 37,199 shares of the company’s stock, valued at $844,417.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Trump Media & Technology Group news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the transaction, the chief technology officer now owns 37,199 shares in the company, valued at approximately $844,417.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the transaction, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,138 shares of company stock valued at $2,908,733. Corporate insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lincoln Capital Corp bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at about $323,000. Sapient Capital LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $2,339,000. Vontobel Holding Ltd. purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $386,000. Busey Bank bought a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $727,000. Finally, Avondale Wealth Management purchased a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.