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

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares 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 firm’s 50-day moving average price is $23.36 and its 200-day moving average price is $31.98.

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

Insider Buying and Selling

In other news, CEO Devin G. Nunes sold 27,846 shares of the 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 $632,104.20. Following the completion of the transaction, the chief executive officer now directly owns 87,154 shares in the company, valued at approximately $1,978,395.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Devin G. Nunes sold 27,846 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 $632,104.20. Following the sale, the chief executive officer now directly owns 87,154 shares in the company, valued at approximately $1,978,395.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andrew Northwall sold 3,467 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $78,700.90. Following the completion of the transaction, the chief operating officer now directly owns 16,533 shares of the company’s stock, valued at approximately $375,299.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,138 shares of company stock worth $2,908,733. Corporate insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Lincoln Capital Corp purchased a new position in Trump Media & Technology Group during the third quarter worth $323,000. Greenwich Wealth Management LLC bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth about $10,946,000. Sapient Capital LLC purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $2,339,000. Vontobel Holding Ltd. bought a new position in Trump Media & Technology Group during the 3rd quarter valued at about $386,000. Finally, Creative Planning purchased a new stake in Trump Media & Technology Group in the 3rd quarter worth about $538,000. 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.