Mark D. Walker Sells 11,302 Shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 11,302 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $0.92, for a total value of $10,397.84. Following the completion of the transaction, the chief executive officer now owns 93,021 shares of the company’s stock, valued at approximately $85,579.32. This represents a 10.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Direct Digital Stock Down 2.1 %

DRCT stock opened at $0.78 on Friday. The business has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $1.81. The company has a market cap of $11.42 million, a price-to-earnings ratio of -0.67 and a beta of 6.61. Direct Digital Holdings, Inc. has a twelve month low of $0.51 and a twelve month high of $35.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direct Digital stock. Citadel Advisors LLC bought a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 44,202 shares of the company’s stock, valued at approximately $70,000. Citadel Advisors LLC owned 0.30% of Direct Digital at the end of the most recent quarter. 4.02% of the stock is owned by 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.