Huntington National Bank Takes $51,000 Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Huntington National Bank acquired a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,150 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors have also recently modified their holdings of DJT. Rakuten Securities Inc. purchased a new position in Trump Media & Technology Group in the 3rd quarter valued at about $27,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $34,000. Allworth Financial LP purchased a new position in shares of Trump Media & Technology Group during the third quarter valued at approximately $48,000. Amalgamated Bank acquired a new stake in Trump Media & Technology Group during the third quarter worth approximately $58,000. Finally, Avondale Wealth Management purchased a new stake in Trump Media & Technology Group in the 3rd quarter worth approximately $64,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 64,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.97, for a total value of $2,110,080.00. Following the completion of the sale, the chief financial officer now directly owns 265,798 shares in the company, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $92,684.10. Following the transaction, the general counsel now directly owns 15,917 shares of the company’s stock, valued at $361,315.90. This trade represents a 20.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 664,238 shares of company stock worth $19,183,627. 14.80% of the stock is currently owned by insiders.

Trump Media & Technology Group Price Performance

Shares of DJT opened at $32.78 on Tuesday. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $79.38. The stock has a fifty day moving average of $25.56 and a two-hundred day moving average of $31.29. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group Company 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.