Oak Thistle LLC Invests $977,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Oak Thistle LLC acquired a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 28,662 shares of the company’s stock, valued at approximately $977,000.

A number of other large investors also recently modified their holdings of the company. Tsfg LLC bought a new stake in Trump Media & Technology Group in the fourth quarter worth $31,000. Rakuten Securities Inc. bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at about $27,000. Larson Financial Group LLC purchased a new stake in Trump Media & Technology Group during the 3rd quarter valued at about $30,000. Moisand Fitzgerald Tamayo LLC bought a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $34,000. Finally, MetLife Investment Management LLC purchased a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $43,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

Trump Media & Technology Group Stock Performance

Shares of DJT stock opened at $40.83 on Thursday. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $79.38. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $33.81 and a two-hundred day moving average price of $28.62.

Insider Buying and Selling

In related news, General Counsel Scott Glabe sold 15,917 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the transaction, the general counsel now owns 336,576 shares in the company, valued at $10,834,381.44. The trade was 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, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The disclosure for this sale can be found here. Insiders have sold a total of 536,100 shares of company stock valued at $16,274,894 over the last three months. 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.