Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker Sells 8,647 Shares

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

Direct Digital Trading Down 2.5 %

Shares of NASDAQ:DRCT traded down $0.03 during trading on Monday, reaching $1.17. 189,894 shares of the stock were exchanged, compared to its average volume of 224,291. Direct Digital Holdings, Inc. has a 12 month low of $1.09 and a 12 month high of $35.88. The stock has a 50-day moving average price of $2.26 and a 200-day moving average price of $3.04. The firm has a market cap of $17.16 million, a PE ratio of -1.03 and a beta of 7.45.

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

Hedge Funds Weigh In On Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd purchased a new position in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 4.02% of the company’s stock.

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.