Have Insiders Sold Trump Media & Technology Group Shares Recently?

We wouldn't blame Trump Media & Technology Group Corp. (NASDAQ:DJT) shareholders if they were a little worried about the fact that Devin Nunes, the CEO, President & Chairman recently netted about US$1.6m selling shares at an average price of US$26.46. That's a big disposal, and it decreased their holding size by 17%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Trump Media & Technology Group

In the last twelve months, the biggest single sale by an insider was when the CFO & Treasurer, Phillip Juhan, sold US$12m worth of shares at a price of US$32.97 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$25.64). So it may not shed much light on insider confidence at current levels.

Insiders in Trump Media & Technology Group didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Trump Media & Technology Group

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Insider Ownership Of Trump Media & Technology Group

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Trump Media & Technology Group insiders own 52% of the company, currently worth about US$3.0b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Trump Media & Technology Group Insider Transactions Indicate?

Insiders sold Trump Media & Technology Group shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Trump Media & Technology Group has 4 warning signs (2 make us uncomfortable!) that deserve your attention before going any further with your analysis.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.