71,042 Shares in Trump Media & Technology Group Corp. $DJT Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the third quarter, Holdings Channel.com reports. The fund purchased 71,042 shares of the company’s stock, valued at approximately $1,167,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DJT. Swiss National Bank raised its stake in shares of Trump Media & Technology Group by 88.4% in the second quarter. Swiss National Bank now owns 316,700 shares of the company’s stock worth $5,713,000 after acquiring an additional 148,600 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Trump Media & Technology Group in the second quarter valued at approximately $424,000. RK Capital Management LLC FL bought a new position in Trump Media & Technology Group in the 2nd quarter worth approximately $920,000. XTX Topco Ltd acquired a new position in Trump Media & Technology Group during the 2nd quarter worth $1,017,000. Finally, Spire Wealth Management boosted its position in Trump Media & Technology Group by 628.1% in the 2nd quarter. Spire Wealth Management now owns 29,050 shares of the company’s stock valued at $524,000 after buying an additional 25,060 shares during the last quarter. Institutional investors and hedge funds own 4.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Activity at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,200 shares of Trump Media & Technology Group stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.59, for a total transaction of $55,068.00. Following the completion of the sale, the director directly owned 18,841 shares of the company’s stock, valued at $199,526.19. The trade was a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 53.00% of the stock is currently owned by company insiders.

Trump Media & Technology Group Price Performance

DJT opened at $13.87 on Friday. The company has a fifty day moving average price of $12.43 and a two-hundred day moving average price of $15.52. The firm has a market capitalization of $3.88 billion, a PE ratio of -23.51 and a beta of 4.58. Trump Media & Technology Group Corp. has a 52 week low of $10.18 and a 52 week high of $43.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 42.78 and a current ratio of 42.78.

Trump Media & Technology Group Profile

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.