Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Still a Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped up prior to trading on Tuesday . The stock had previously closed at $31.30, but opened at $32.08. Trump Media & Technology Group shares last traded at $32.93, with a volume of 15,940,885 shares trading hands.

Trump Media & Technology Group Trading Up 4.4 %

The stock’s fifty day moving average is $20.48 and its two-hundred day moving average is $31.56.

Trump Media & Technology Group (NASDAQ:DJT) last announced its earnings results on Friday, August 9th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.84 million during the quarter.

Insiders Place Their Bets

In related news, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the sale, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $1,928,160.70. Following the completion of the transaction, the chief financial officer now directly owns 405,059 shares in the company, valued at approximately $9,194,839.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $92,684.10. Following the sale, the general counsel now owns 15,917 shares in the company, valued at $361,315.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock worth $2,908,733 in the last three months. 14.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of hedge funds have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group in the third quarter valued at approximately $34,000. Allworth Financial LP bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $48,000. Avondale Wealth Management acquired a new position in Trump Media & Technology Group during the 3rd quarter valued at approximately $64,000. CWM LLC bought a new position in Trump Media & Technology Group during the 3rd quarter worth $66,000. Finally, Blue Trust Inc. bought a new stake in Trump Media & Technology Group in the third quarter valued at $83,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

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.