Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Sells $10,376.40 in Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 8,647 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1.20, for a total transaction of $10,376.40. Following the completion of the sale, the chief executive officer now owns 27,667 shares of the company’s stock, valued at $33,200.40. This trade represents a 23.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Direct Digital Price Performance

Shares of DRCT opened at $0.91 on Thursday. Direct Digital Holdings, Inc. has a 1-year low of $0.76 and a 1-year high of $35.88. The company has a 50-day moving average of $2.19 and a 200 day moving average of $2.99. The firm has a market capitalization of $13.32 million, a price-to-earnings ratio of -0.78 and a beta of 6.83.

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

Institutional Trading of Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. Privium Fund Management UK Ltd acquired a new stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the 2nd quarter, according to its most recent 13F filing with the SEC. 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 quarter. 4.02% of the stock is owned by institutional investors.

About Direct Digital

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.