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

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $34.34, but opened at $37.52. Trump Media & Technology Group shares last traded at $39.27, with a volume of 39,244,651 shares changing hands.

Trump Media & Technology Group Trading Up 5.9 %

The company’s 50-day moving average is $23.36 and its two-hundred day moving average is $31.98.

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

Insider Buying and Selling at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 84,941 shares of the firm’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 $1,928,160.70. Following the sale, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $92,684.10. Following the completion of the sale, the general counsel now owns 15,917 shares of the company’s stock, valued at $361,315.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,138 shares of company stock worth $2,908,733. Company insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. bought a new position in shares of Trump Media & Technology Group in the third quarter worth approximately $27,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $34,000. Allworth Financial LP bought a new position in Trump Media & Technology Group in the 3rd quarter worth $48,000. Archer Investment Corp purchased a new stake in Trump Media & Technology Group in the 3rd quarter worth $48,000. Finally, Huntington National Bank bought a new stake in Trump Media & Technology Group during the third quarter valued at about $51,000. Hedge funds and other institutional investors 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.