Rhumbline Advisers Lowers Stock Holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Rhumbline Advisers reduced its position in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 1.7% in the 1st quarter, Holdings Channel reports. The fund owned 75,658 shares of the company’s stock after selling 1,318 shares during the period. Rhumbline Advisers’ holdings in Trump Media & Technology Group were worth $1,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DJT. GeoWealth Management LLC grew its stake in shares of Trump Media & Technology Group by 41,550.0% during the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock valued at $28,000 after buying an additional 831 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in Trump Media & Technology Group by 350.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock worth $31,000 after purchasing an additional 701 shares during the period. AlphaQuest LLC boosted its position in Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock worth $40,000 after purchasing an additional 681 shares during the period. Russell Investments Group Ltd. boosted its position in Trump Media & Technology Group by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the period. Finally, Parallel Advisors LLC boosted its position in Trump Media & Technology Group by 93.8% during the 1st quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock worth $47,000 after purchasing an additional 1,157 shares during the period. 4.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Trump Media & Technology Group from a “hold” rating to a “sell” rating in a research report on Friday, June 6th.

Trump Media & Technology Group Trading Up 0.3%

Shares of DJT stock opened at $18.57 on Thursday. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $54.68. The company has a current ratio of 38.41, a quick ratio of 38.41 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $22.86 and its two-hundred day moving average price is $26.97.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.14) EPS for the quarter. Trump Media & Technology Group had a negative return on equity of 14.17% and a negative net margin of 2,861.60%. The firm had revenue of $821.20 million during the quarter.

Insiders Place Their Bets

In other news, CFO Phillip Juhan sold 45,005 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $27.15, for a total value of $1,221,885.75. Following the sale, the chief financial officer now owns 175,572 shares in the company, valued at approximately $4,766,779.80. This represents a 20.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Devin G. Nunes sold 59,483 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total transaction of $1,573,920.18. Following the completion of the sale, the chief executive officer now owns 1,148,705 shares in the company, valued at approximately $30,394,734.30. This trade represents a 4.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,806 shares of company stock worth $5,062,725 in the last quarter. 53.00% of the stock is owned by corporate insiders.

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.