Horizon Wealth Management LLC Invests $195,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Horizon Wealth Management LLC purchased a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DJT. GeoWealth Management LLC lifted its stake in Trump Media & Technology Group by 41,550.0% in the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock valued at $28,000 after purchasing an additional 831 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its stake in Trump Media & Technology Group by 350.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock valued at $31,000 after purchasing an additional 701 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Trump Media & Technology Group in the 4th quarter valued at approximately $34,000. AlphaQuest LLC lifted its stake in Trump Media & Technology Group by 140.7% in the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock valued at $40,000 after purchasing an additional 681 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Trump Media & Technology Group by 85.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Stock Performance

DJT stock opened at $20.90 on Friday. The company has a fifty day moving average price of $22.61 and a 200-day moving average price of $27.57. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $54.68. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Trump Media & Technology Group from a “hold” rating to a “sell” rating in a research note on Friday.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $26.65, for a total value of $79,950.00. Following the completion of the sale, the director now directly owns 25,989 shares in the company, valued at approximately $692,606.85. This trade represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Devin G. Nunes sold 59,483 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total transaction of $1,573,920.18. Following the completion of the sale, the chief executive officer now owns 1,148,705 shares of the company’s stock, valued at $30,394,734.30. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,365 shares of company stock worth $5,410,300 over the last three months. 53.00% of the stock is owned by company insiders.

Trump Media & Technology Group Company Profile

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.