Axxcess Wealth Management LLC Purchases 10,000 Shares of Trump Media & Technology Group Corp. $DJT

Axxcess Wealth Management LLC boosted its position in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 39.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,101 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Axxcess Wealth Management LLC’s holdings in Trump Media & Technology Group were worth $633,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Main Street Group LTD grew its holdings in shares of Trump Media & Technology Group by 43.1% in the second quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock valued at $34,000 after acquiring an additional 575 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Trump Media & Technology Group in the 1st quarter valued at $39,000. Golden State Wealth Management LLC grew its stake in Trump Media & Technology Group by 21.6% in the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company’s stock valued at $45,000 after purchasing an additional 410 shares during the period. AlphaQuest LLC grew its position in Trump Media & Technology Group by 179.5% during the first quarter. AlphaQuest LLC now owns 3,256 shares of the company’s stock valued at $64,000 after buying an additional 2,091 shares during the period. Finally, Deutsche Bank AG grew its position in Trump Media & Technology Group by 16.7% during the first quarter. Deutsche Bank AG now owns 4,038 shares of the company’s stock valued at $79,000 after buying an additional 579 shares during the period. 4.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Trump Media & Technology Group Trading Up 2.5%

Shares of DJT opened at $16.18 on Friday. The business has a 50-day moving average of $17.16 and a 200 day moving average of $19.45. Trump Media & Technology Group Corp. has a fifty-two week low of $15.42 and a fifty-two week high of $54.68. The firm has a market cap of $4.48 billion, a P/E ratio of -33.02 and a beta of 4.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 132.60 and a current ratio of 132.60.

Trump Media & Technology Group (NASDAQ:DJT) last released its quarterly earnings data on Friday, August 1st. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $0.88 million during the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%.

Trump Media & Technology Group declared that its board has approved a share repurchase plan on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to repurchase up to 10.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Eric Swider sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the transaction, the director owned 24,041 shares of the company’s stock, valued at approximately $423,362.01. The trade was a 17.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 53.00% 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.