Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Sells $13,176.80 in Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 7,240 shares of Direct Digital stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1.82, for a total value 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 approximately $127,492.82. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Direct Digital Stock Performance

Shares of DRCT stock opened at $1.32 on Thursday. The business has a 50 day moving average of $2.44 and a two-hundred day moving average of $3.21. Direct Digital Holdings, Inc. has a 52 week low of $1.26 and a 52 week high of $35.88.

Direct Digital (NASDAQ:DRCT) last issued its 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 company had revenue of $21.86 million during the quarter. On average, research analysts forecast that Direct Digital Holdings, Inc. will post -1.91 EPS for the current 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 acquired a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital at the end of the most recent quarter. Hedge funds and other 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.