MetLife Investment Management LLC Invests $43,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

MetLife Investment Management LLC purchased a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,651 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $27,000. Larson Financial Group LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $34,000. Allworth Financial LP acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $48,000. Finally, Archer Investment Corp acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $48,000. 4.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Phillip Juhan sold 320,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $30.65, for a total transaction of $9,808,000.00. Following the transaction, the chief financial officer now owns 329,798 shares in the company, valued at approximately $10,108,308.70. This trade represents a 49.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $32.19, for a total value of $512,368.23. Following the transaction, the general counsel now owns 336,576 shares in the company, valued at approximately $10,834,381.44. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 536,100 shares of company stock worth $16,274,894. 14.80% of the stock is owned by corporate insiders.

Trump Media & Technology Group Stock Performance

Shares of Trump Media & Technology Group stock opened at $34.16 on Wednesday. Trump Media & Technology Group Corp. has a one year low of $11.75 and a one year high of $79.38. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $30.55 and its 200 day moving average price is $29.45.

Trump Media & Technology Group Profile

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.