709,230 Shares in Trump Media & Technology Group Corp. (NASDAQ:DJT) Purchased by State Street Corp

State Street Corp acquired a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 709,230 shares of the company’s stock, valued at approximately $11,397,000. State Street Corp owned about 0.36% of Trump Media & Technology Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Trump Media & Technology Group during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter worth about $30,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Trump Media & Technology Group in the 3rd quarter worth $34,000. MetLife Investment Management LLC acquired a new stake in Trump Media & Technology Group in the 3rd quarter worth about $43,000. Finally, Allworth Financial LP acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Phillip Juhan sold 64,000 shares of Trump Media & Technology Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $32.97, for a total value of $2,110,080.00. Following the completion of the transaction, the chief financial officer now owns 265,798 shares in the company, valued at approximately $8,763,360.06. This trade represents a 19.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Scott Glabe sold 15,917 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the transaction, the general counsel now owns 336,576 shares of the company’s stock, valued at $10,834,381.44. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,100 shares of company stock valued at $16,274,894 in the last three months. 14.80% of the stock is currently owned by insiders.

Trump Media & Technology Group Trading Up 1.6 %

Shares of NASDAQ DJT opened at $35.79 on Thursday. The company has a 50-day moving average of $33.93 and a 200 day moving average of $28.61. The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01. Trump Media & Technology Group Corp. has a 12-month low of $11.75 and a 12-month high of $79.38.

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.