Raymond James Financial Inc. Invests $950,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Raymond James Financial Inc. acquired a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,864 shares of the company’s stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $17,650,000. State Street Corp purchased a new stake in Trump Media & Technology Group during the third quarter valued at about $11,397,000. Charles Schwab Investment Management Inc. purchased a new stake in Trump Media & Technology Group during the third quarter valued at about $9,564,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Trump Media & Technology Group during the fourth quarter worth about $6,642,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at about $1,571,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 21,059 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $20.50, for a total transaction of $431,709.50. Following the completion of the sale, the chief financial officer now directly owns 220,577 shares in the company, valued at $4,521,828.50. This represents a 8.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total value of $97,850.00. Following the completion of the transaction, the director now directly owns 38,989 shares in the company, valued at $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 53.00% of the company’s stock.

Trump Media & Technology Group Price Performance

Shares of NASDAQ DJT opened at $17.09 on Friday. The stock’s 50-day moving average is $24.81 and its 200 day moving average is $28.77. Trump Media & Technology Group Corp. has a 1-year low of $11.75 and a 1-year high of $56.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

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.