Avondale Wealth Management Sells 1,000 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Avondale Wealth Management reduced its holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the company’s stock after selling 1,000 shares during the quarter. Avondale Wealth Management’s holdings in Trump Media & Technology Group were worth $102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC bought a new stake in shares of Trump Media & Technology Group during the third quarter worth about $17,650,000. State Street Corp bought a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $11,397,000. Greenwich Wealth Management LLC bought a new stake in Trump Media & Technology Group during the third quarter worth $10,946,000. Charles Schwab Investment Management Inc. purchased a new stake in Trump Media & Technology Group in the 3rd quarter valued at $9,564,000. Finally, Sapient Capital LLC bought a new position in Trump Media & Technology Group during the 3rd quarter valued at $2,339,000. 4.29% of the stock is owned by institutional investors.

Trump Media & Technology Group Stock Performance

Shares of NASDAQ DJT traded up $0.44 during trading on Friday, hitting $34.98. The stock had a trading volume of 2,462,327 shares, compared to its average volume of 5,447,867. The firm has a fifty day moving average of $33.44 and a two-hundred day moving average of $28.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $79.38.

Insider Buying and Selling

In other Trump Media & Technology Group news, Director Eric Swider sold 136,183 shares of Trump Media & Technology Group stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Phillip Juhan sold 64,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the completion of the transaction, the chief financial officer now owns 265,798 shares in the company, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 536,100 shares of company stock worth $16,274,894. 14.80% of the stock is owned by insiders.

About Trump Media & Technology Group

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.