Lincoln Capital Corp Makes New $323,000 Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Lincoln Capital Corp bought a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,120 shares of the company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sapient Capital LLC bought a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $2,339,000. Busey Bank acquired a new position in Trump Media & Technology Group during the 3rd quarter valued at $727,000. Creative Planning acquired a new stake in Trump Media & Technology Group in the 3rd quarter worth $538,000. Vontobel Holding Ltd. bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $386,000. Finally, Private Advisor Group LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $263,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Insider Buying and Selling

In related news, CTO Vladimir Novachki sold 7,801 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 $177,082.70. Following the transaction, the chief technology officer now owns 37,199 shares in the company, valued at $844,417.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trump Media & Technology Group 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 transaction, the general counsel now directly owns 15,917 shares in the company, valued at approximately $361,315.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Vladimir Novachki sold 7,801 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the transaction, the chief technology officer now owns 37,199 shares in the company, valued at $844,417.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,138 shares of company stock worth $2,908,733 in the last three months. Insiders own 14.80% of the company’s stock.

Trump Media & Technology Group Stock Up 11.4 %

Trump Media & Technology Group stock opened at $38.95 on Friday. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $79.38. The business has a 50 day moving average price of $21.02 and a two-hundred day moving average price of $31.60.

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

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.