Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Sells $13,176.80 in Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 7,240 shares of Direct Digital stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $1.82, for a total value of $13,176.80. Following the completion of the transaction, the chief executive officer now owns 70,051 shares of the company’s stock, valued at approximately $127,492.82. The trade was a 9.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Direct Digital Trading Up 2.5 %

Shares of DRCT opened at $1.22 on Friday. The firm has a market cap of $17.88 million, a price-to-earnings ratio of -1.02 and a beta of 7.45. The stock has a 50 day moving average of $2.39 and a 200-day moving average of $3.18. Direct Digital Holdings, Inc. has a 52 week low of $1.15 and a 52 week high of $35.88.

Direct Digital (NASDAQ:DRCT) last issued its earnings results on Tuesday, October 15th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $21.86 million during the quarter. Direct Digital had a negative return on equity of 25.66% and a negative net margin of 5.61%. On average, sell-side analysts predict that Direct Digital Holdings, Inc. will post -1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd acquired a new stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital at the end of the most recent reporting period. 4.02% of the stock is owned by hedge funds and other institutional investors.

Direct Digital Company Profile

Direct Digital Holdings, Inc operates as an end-to-end full-service programmatic advertising platform. The company's platform primarily focuses on providing advertising technology, data-driven campaign optimization, and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.