Daiwa Securities Group Inc. Takes Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Daiwa Securities Group Inc. bought a new position in Trump Media & Technology Group Corp. (NASDAQ:DJTFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,854 shares of the company’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of Trump Media & Technology Group in the third quarter worth about $17,650,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after purchasing an additional 193,563 shares during the period. State Street Corp acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth approximately $11,397,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter worth approximately $6,642,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Trump Media & Technology Group by 15.2% during the fourth quarter. Bank of New York Mellon Corp now owns 194,374 shares of the company’s stock worth $6,628,000 after purchasing an additional 25,685 shares during the period. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Price Performance

DJT stock opened at $20.56 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The firm has a 50 day simple moving average of $29.59 and a 200 day simple moving average of $28.71. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $79.38.

Insider Buying and Selling

In related news, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the transaction, the director now owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction 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 currently owned by corporate insiders.

Trump Media & Technology Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Trump Media & Technology Group (NASDAQ:DJT)

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