Hudson Bay Capital Management LP Takes $24.55 Million Position in Trump Media & Technology Group Corp. $DJT

Hudson Bay Capital Management LP bought a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,360,808 shares of the company’s stock, valued at approximately $24,549,000. Hudson Bay Capital Management LP owned 0.49% of Trump Media & Technology Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DJT. Vanguard Group Inc. boosted its position in shares of Trump Media & Technology Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock valued at $180,639,000 after purchasing an additional 237,668 shares in the last quarter. Nuveen LLC bought a new stake in Trump Media & Technology Group during the first quarter worth approximately $4,245,000. Geode Capital Management LLC grew its position in Trump Media & Technology Group by 13.5% in the second quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock worth $32,908,000 after buying an additional 216,718 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Trump Media & Technology Group by 373.4% in the second quarter. Balyasny Asset Management L.P. now owns 244,162 shares of the company’s stock valued at $4,405,000 after buying an additional 192,584 shares in the last quarter. Finally, Murchinson Ltd. acquired a new stake in shares of Trump Media & Technology Group during the 2nd quarter valued at $2,706,000. 4.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Eric Swider sold 5,200 shares of the company’s stock in a transaction on 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 directly owned 18,841 shares of the company’s stock, valued at approximately $199,526.19. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 53.00% of the company’s stock.

Trump Media & Technology Group Price Performance

Shares of NASDAQ:DJT opened at $10.65 on Friday. The company’s fifty day moving average is $13.50 and its two-hundred day moving average is $16.61. The company has a market cap of $2.98 billion, a P/E ratio of -18.05 and a beta of 4.59. Trump Media & Technology Group Corp. has a 12-month low of $10.18 and a 12-month high of $43.46. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average 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.