Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker Sells 10,000 Shares

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $1.01, for a total value of $10,100.00. Following the completion of the sale, the chief executive officer now directly owns 190,000 shares of the company’s stock, valued at $191,900. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Direct Digital Stock Down 15.2 %

Shares of NASDAQ:DRCT opened at $0.67 on Friday. The company has a market capitalization of $9.75 million, a price-to-earnings ratio of -0.57 and a beta of 6.83. The company has a 50 day moving average of $2.02 and a two-hundred day moving average of $2.86. Direct Digital Holdings, Inc. has a 52-week low of $0.66 and a 52-week high of $35.88.

Direct Digital (NASDAQ:DRCT) last issued its quarterly earnings data 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, equities analysts anticipate that Direct Digital Holdings, Inc. will post -1.91 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.