Commonwealth Equity Services LLC Decreases Stock Holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Commonwealth Equity Services LLC cut its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 24.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,545 shares of the company’s stock after selling 16,894 shares during the period. Commonwealth Equity Services LLC’s holdings in Trump Media & Technology Group were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new position in Trump Media & Technology Group during the third quarter worth about $30,000. Tsfg LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in Trump Media & Technology Group in the fourth quarter valued at approximately $34,000. AlphaQuest LLC grew its position in Trump Media & Technology Group by 140.7% in the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock worth $40,000 after acquiring an additional 681 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in Trump Media & Technology Group in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Insider Activity at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction 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 sale, the director now directly owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. The trade was a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $431,709.50. Following the transaction, the chief financial officer now directly owns 220,577 shares in the company, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. 14.80% of the stock is owned by insiders.

Trump Media & Technology Group Trading Down 2.4 %

NASDAQ:DJT opened at $19.83 on Friday. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $61.00. The stock’s fifty day moving average is $26.43 and its two-hundred day moving average is $28.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.