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

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 7,240 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1.82, for a total transaction 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 $127,492.82. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Direct Digital Trading Up 8.4 %

Shares of DRCT traded up $0.11 during midday trading on Tuesday, reaching $1.42. The stock had a trading volume of 114,642 shares, compared to its average volume of 227,548. The company has a market capitalization of $20.82 million, a price-to-earnings ratio of -1.26 and a beta of 7.45. Direct Digital Holdings, Inc. has a 12-month low of $1.28 and a 12-month high of $35.88. The company’s 50-day moving average is $2.46 and its 200 day moving average is $3.23.

Direct Digital (NASDAQ:DRCT) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.16) EPS for the quarter. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. The business had revenue of $21.86 million for the quarter. Research analysts forecast that Direct Digital Holdings, Inc. will post -0.58 EPS 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) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned about 0.15% of Direct Digital as of its most recent filing with the SEC. Institutional investors own 4.02% of the company’s stock.

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.