Charles Schwab Investment Management Inc. Invests $9.56 Million in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Charles Schwab Investment Management Inc. purchased a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 595,159 shares of the company’s stock, valued at approximately $9,564,000.

A number of other hedge funds have also recently added to or reduced their stakes in DJT. CWM LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at about $66,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group during the third quarter valued at approximately $34,000. Avondale Wealth Management acquired a new position in Trump Media & Technology Group during the third quarter valued at approximately $64,000. Sapient Capital LLC bought a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $2,339,000. Finally, Creative Planning acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth $538,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Insider Activity at Trump Media & Technology Group

In other news, Director Eric Swider sold 136,183 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $28.23, for a total transaction of $3,844,446.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 320,000 shares of Trump Media & Technology Group stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the transaction, the chief financial officer now owns 329,798 shares of the company’s stock, valued at approximately $10,108,308.70. The trade was a 49.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 536,100 shares of company stock worth $16,274,894 over the last three months. Company insiders own 14.80% of the company’s stock.

Trump Media & Technology Group Trading Up 1.7 %

Trump Media & Technology Group stock opened at $35.34 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $79.38. The firm has a fifty day moving average price of $30.17 and a two-hundred day moving average price of $29.51.

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.