Machina Capital S.A.S. Invests $273,000 in Trump Media & Technology Group Corp. $DJT

Machina Capital S.A.S. bought a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT) in the second quarter, HoldingsChannel.com reports. The fund bought 15,107 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds have also modified their holdings of the stock. Main Street Group LTD raised its holdings in shares of Trump Media & Technology Group by 43.1% in the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock worth $34,000 after buying an additional 575 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Trump Media & Technology Group by 16.7% in the 1st quarter. Deutsche Bank AG now owns 4,038 shares of the company’s stock worth $79,000 after buying an additional 579 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Trump Media & Technology Group by 15.6% in the 1st quarter. Amalgamated Bank now owns 4,821 shares of the company’s stock worth $94,000 after buying an additional 651 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Trump Media & Technology Group by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,568 shares of the company’s stock worth $295,000 after buying an additional 753 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Trump Media & Technology Group by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 5,088 shares of the company’s stock worth $93,000 after buying an additional 762 shares in the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the sale, the director directly owned 24,041 shares of the company’s stock, valued at $423,362.01. This trade represents a 17.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 53.00% of the stock is owned by corporate insiders.

Trump Media & Technology Group Trading Down 4.8%

DJT stock opened at $13.82 on Wednesday. The business has a fifty day moving average price of $16.64 and a 200 day moving average price of $19.16. Trump Media & Technology Group Corp. has a fifty-two week low of $13.80 and a fifty-two week high of $45.77. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -28.20 and a beta of 4.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 132.60 and a quick ratio of 132.60.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.