Blue Trust Inc. Takes Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Blue Trust Inc. acquired a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,139 shares of the company’s stock, valued at approximately $83,000.

Other institutional investors have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group in the third quarter worth approximately $34,000. Avondale Wealth Management bought a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth $64,000. CWM LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter worth $66,000. Vontobel Holding Ltd. acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth $386,000. Finally, Creative Planning purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at $538,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Scott Glabe sold 4,083 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $92,684.10. Following the completion of the sale, the general counsel now directly owns 15,917 shares of the company’s stock, valued at approximately $361,315.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $92,684.10. Following the transaction, the general counsel now owns 15,917 shares in the company, valued at $361,315.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin G. Nunes sold 27,846 shares of the firm’s 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 sale, the chief executive officer now owns 87,154 shares of the company’s stock, valued at approximately $1,978,395.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Trump Media & Technology Group Price Performance

Shares of DJT opened at $51.51 on Wednesday. Trump Media & Technology Group Corp. has a 1-year low of $11.75 and a 1-year high of $79.38. The business’s 50-day moving average price is $22.13 and its 200 day moving average price is $31.78.

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

Trump Media & Technology Group 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.