Public Employees Retirement System of Ohio Buys Shares of 20,935 Trump Media & Technology Group Corp. (NASDAQ:DJT)

Public Employees Retirement System of Ohio bought a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,935 shares of the company’s stock, valued at approximately $336,000.

Several other large investors also recently modified their holdings of the stock. Rakuten Securities Inc. bought a new stake in Trump Media & Technology Group in the 3rd quarter valued at about $27,000. Larson Financial Group LLC bought a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at approximately $34,000. MetLife Investment Management LLC bought a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $43,000. Finally, Allworth Financial LP bought a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Stock Performance

Shares of DJT stock opened at $34.71 on Friday. The company’s fifty day simple moving average is $33.56 and its two-hundred day simple moving average is $28.82. Trump Media & Technology Group Corp. has a 1 year low of $11.75 and a 1 year high of $79.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49.

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $32.19, for a total value of $512,368.23. Following the completion of the transaction, the general counsel now directly owns 336,576 shares of the company’s stock, valued at $10,834,381.44. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Phillip Juhan sold 320,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.65, for a total transaction of $9,808,000.00. Following the transaction, the chief financial officer now owns 329,798 shares of the company’s stock, valued at $10,108,308.70. This trade represents a 49.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 536,100 shares of company stock worth $16,274,894. 14.80% of the stock is owned by company insiders.

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.