Avondale Wealth Management Sells 1,000 Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Avondale Wealth Management lessened its holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the company’s stock after selling 1,000 shares during the period. Avondale Wealth Management’s holdings in Trump Media & Technology Group were worth $102,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DJT. CWM LLC acquired a new position in shares of Trump Media & Technology Group during the third quarter worth $66,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Trump Media & Technology Group during the 3rd quarter worth $34,000. Sapient Capital LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter worth about $2,339,000. Creative Planning acquired a new position in Trump Media & Technology Group in the 3rd quarter worth about $538,000. Finally, Vontobel Holding Ltd. bought a new position in Trump Media & Technology Group in the third quarter valued at about $386,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Eric Swider sold 136,183 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $28.23, for a total transaction of $3,844,446.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Phillip Juhan sold 320,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the sale, the chief financial officer now owns 329,798 shares in the company, valued at $10,108,308.70. The trade was a 49.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 536,100 shares of company stock worth $16,274,894 in the last ninety days. Company insiders own 14.80% of the company’s stock.

Trump Media & Technology Group Stock Performance

Shares of NASDAQ:DJT traded up $0.44 during midday trading on Friday, hitting $34.98. 2,462,327 shares of the stock were exchanged, compared to its average volume of 5,447,867. The business’s 50-day moving average price is $33.44 and its 200 day moving average price is $28.64. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $79.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

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.