Janus Henderson Group PLC Makes New Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Janus Henderson Group PLC acquired a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $402,000.

A number of other institutional investors have also recently added to or reduced their stakes in DJT. Greenwich Wealth Management LLC purchased a new stake in Trump Media & Technology Group during the 3rd quarter worth $10,946,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Trump Media & Technology Group during the third quarter worth about $9,564,000. Sapient Capital LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter worth about $2,339,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $1,571,000. Finally, Busey Bank purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at about $727,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Insider Activity

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of the company’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 value of $512,368.23. Following the transaction, the general counsel now directly owns 336,576 shares of the company’s stock, valued at $10,834,381.44. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Phillip Juhan sold 320,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 329,798 shares of the company’s stock, valued at $10,108,308.70. The trade was a 49.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 536,100 shares of company stock worth $16,274,894 over the last 90 days. Company insiders own 14.80% of the company’s stock.

Trump Media & Technology Group Stock Up 1.1 %

Trump Media & Technology Group stock opened at $36.59 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. Trump Media & Technology Group Corp. has a one year low of $11.75 and a one year high of $79.38. The stock’s 50 day moving average price is $32.12 and its 200 day moving average price is $29.11.

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.