Fmr LLC Takes $150,000 Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Fmr LLC acquired a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,343 shares of the company’s stock, valued at approximately $150,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company bought a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $214,000. Independent Advisor Alliance purchased a new position in shares of Trump Media & Technology Group during the third quarter valued at approximately $163,000. Larson Financial Group LLC bought a new stake in Trump Media & Technology Group during the third quarter worth $30,000. Charles Schwab Investment Management Inc. bought a new position in shares of Trump Media & Technology Group during the third quarter valued at about $9,564,000. Finally, Avior Wealth Management LLC bought a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $79,000. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Trading Down 2.0 %

Shares of NASDAQ:DJT opened at $34.71 on Monday. The company has a 50-day moving average price of $33.56 and a two-hundred day moving average price of $28.82. Trump Media & Technology Group Corp. has a twelve month low of $11.75 and a twelve month 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.

Insiders Place Their Bets

In related news, CFO Phillip Juhan sold 320,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the sale, the chief financial officer now directly owns 329,798 shares of the company’s stock, valued at approximately $10,108,308.70. This represents a 49.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction 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 trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,100 shares of company stock valued at $16,274,894 over the last quarter. 14.80% of the stock is owned by corporate insiders.

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.