Trade Alert: CFO & Treasurer Of Trump Media & Technology Group Phillip Juhan Has Sold Stock

We'd be surprised if Trump Media & Technology Group Corp. (NASDAQ:DJT) shareholders haven't noticed that the CFO & Treasurer, Phillip Juhan, recently sold US$432k worth of stock at US$20.50 per share. That sale was 36% of their holding, so it does make us raise an eyebrow.

View our latest analysis for Trump Media & Technology Group

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

In fact, the recent sale by CFO & Treasurer Phillip Juhan was not their only sale of Trump Media & Technology Group shares this year. They previously made an even bigger sale of -US$12m worth of shares at a price of US$32.97 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$20.21. So it may not tell us anything about how insiders feel about the current share price.

Insiders in Trump Media & Technology Group didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Trump Media & Technology Group insiders own 53% of the company, worth about US$2.3b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

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

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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. To help with this, we've discovered 5 warning signs (2 are a bit concerning!) that you ought to be aware of before buying any shares in Trump Media & Technology Group.

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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.