RK Capital Management LLC FL Acquires Shares of 50,980 Trump Media & Technology Group Corp. $DJT

RK Capital Management LLC FL acquired a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,980 shares of the company’s stock, valued at approximately $920,000. Trump Media & Technology Group makes up 0.0% of RK Capital Management LLC FL’s investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of DJT. Vanguard Group Inc. increased its holdings in Trump Media & Technology Group by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock valued at $180,639,000 after buying an additional 237,668 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Trump Media & Technology Group by 13.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock worth $32,908,000 after acquiring an additional 216,718 shares in the last quarter. Swiss National Bank increased its holdings in shares of Trump Media & Technology Group by 88.4% in the 2nd quarter. Swiss National Bank now owns 316,700 shares of the company’s stock valued at $5,713,000 after acquiring an additional 148,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Trump Media & Technology Group by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock worth $4,264,000 after acquiring an additional 37,367 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Trump Media & Technology Group during the 1st quarter worth about $4,245,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Insider Buying and Selling

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

Trump Media & Technology Group Price Performance

Shares of NASDAQ DJT opened at $10.74 on Wednesday. The stock has a market cap of $3.01 billion, a P/E ratio of -18.20 and a beta of 4.56. Trump Media & Technology Group Corp. has a twelve month low of $10.18 and a twelve month high of $43.46. The stock has a 50 day moving average of $15.01 and a two-hundred day moving average of $17.78. The company has a current ratio of 42.78, a quick ratio of 42.78 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

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

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.