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

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 10,000 shares of the firm’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 sale, the chief executive officer now directly owns 190,000 shares of the company’s stock, valued at $191,900. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Direct Digital Stock Performance

Shares of NASDAQ DRCT opened at $0.67 on Friday. The business has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $2.88. Direct Digital Holdings, Inc. has a 52 week low of $0.66 and a 52 week high of $35.88. The stock has a market cap of $9.75 million, a price-to-earnings ratio of -0.57 and a beta of 6.83.

Direct Digital (NASDAQ:DRCT) last posted its earnings results 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 business had revenue of $21.86 million during the quarter. On average, analysts predict that Direct Digital Holdings, Inc. will post -1.91 EPS for the current year.

Institutional Investors Weigh In On Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. Privium Fund Management UK Ltd purchased a new position in Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent reporting period. 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.