Cetera Investment Advisers Purchases 37,642 Shares of Trump Media & Technology Group Corp. $DJT

Cetera Investment Advisers raised its holdings in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 24.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,402 shares of the company’s stock after acquiring an additional 37,642 shares during the period. Cetera Investment Advisers’ holdings in Trump Media & Technology Group were worth $3,471,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capstone Financial Advisors Inc. boosted its stake in shares of Trump Media & Technology Group by 14.6% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 77,500 shares of the company’s stock valued at $1,398,000 after purchasing an additional 9,900 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Trump Media & Technology Group by 45.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 39,611 shares of the company’s stock valued at $715,000 after buying an additional 12,399 shares during the period. Geode Capital Management LLC boosted its position in Trump Media & Technology Group by 13.5% during the second quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock valued at $32,908,000 after buying an additional 216,718 shares during the period. Allworth Financial LP grew its stake in shares of Trump Media & Technology Group by 30.1% during the second quarter. Allworth Financial LP now owns 4,029 shares of the company’s stock valued at $73,000 after buying an additional 931 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new position in shares of Trump Media & Technology Group in the second quarter worth about $273,000. 4.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Eric Swider sold 5,200 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $10.59, for a total transaction of $55,068.00. Following the transaction, the director owned 18,841 shares in the company, valued at $199,526.19. The trade was a 21.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 53.00% of the stock is owned by insiders.

Trump Media & Technology Group Price Performance

Shares of Trump Media & Technology Group stock opened at $11.07 on Thursday. The firm has a market cap of $3.10 billion, a PE ratio of -18.76 and a beta of 4.56. The company’s fifty day simple moving average is $14.90 and its two-hundred day simple moving average is $17.74. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42. Trump Media & Technology Group Corp. has a 12-month low of $10.18 and a 12-month high of $43.46.

Wall Street Analyst Weigh In

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

Trump Media & Technology Group 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.