Trump Media & Technology Group Corp. (NASDAQ:DJT) CTO Vladimir Novachki Sells 17,823 Shares

Trump Media & Technology Group Corp. (NASDAQ:DJT) CTO Vladimir Novachki sold 17,823 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total transaction of $471,596.58. Following the completion of the sale, the chief technology officer now owns 511,940 shares of the company’s stock, valued at approximately $13,545,932.40. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trump Media & Technology Group Price Performance

Shares of DJT stock opened at $24.98 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. The stock has a 50 day simple moving average of $21.74 and a 200-day simple moving average of $28.70. Trump Media & Technology Group Corp. has a 12-month low of $11.75 and a 12-month high of $54.68.

Trump Media & Technology Group (NASDAQ:DJT) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $821.20 million for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%.

Institutional Trading of Trump Media & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of DJT. Vanguard Group Inc. lifted its stake in shares of Trump Media & Technology Group by 2.6% during the first quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock valued at $180,639,000 after buying an additional 237,668 shares during the period. Geode Capital Management LLC lifted its position in Trump Media & Technology Group by 35.2% during the fourth quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock worth $50,630,000 after buying an additional 386,227 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after buying an additional 193,563 shares during the period. Melqart Asset Management UK Ltd acquired a new stake in Trump Media & Technology Group in the 4th quarter worth about $18,725,000. Finally, Invesco Ltd. increased its stake in shares of Trump Media & Technology Group by 785.1% during the 4th quarter. Invesco Ltd. now owns 512,613 shares of the company’s stock valued at $17,480,000 after acquiring an additional 454,699 shares during the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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.