Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker Sells 7,240 Shares

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 7,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $1.82, for a total transaction of $13,176.80. Following the transaction, the chief executive officer now owns 70,051 shares in the company, valued at approximately $127,492.82. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Direct Digital Trading Up 8.4 %

DRCT stock opened at $1.42 on Wednesday. Direct Digital Holdings, Inc. has a twelve month low of $1.28 and a twelve month high of $35.88. The business has a 50 day simple moving average of $2.46 and a 200-day simple moving average of $3.23. The company has a market capitalization of $20.82 million, a P/E ratio of -1.26 and a beta of 7.45.

Direct Digital (NASDAQ:DRCT) last issued its quarterly earnings data on Tuesday, October 15th. The company reported ($0.16) EPS for the quarter. Direct Digital had a negative return on equity of 25.66% and a negative net margin of 5.61%. The company had revenue of $21.86 million for the quarter. Research analysts predict that Direct Digital Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direct Digital stock. Privium Fund Management UK Ltd purchased a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital as of its most recent SEC filing. 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.