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 Direct Digital stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $1.01, for a total value of $10,100.00. Following the completion of the transaction, the chief executive officer now owns 190,000 shares of the company’s stock, valued at approximately $191,900. The trade was a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Direct Digital Price Performance

Shares of NASDAQ:DRCT traded down $0.05 during midday trading on Thursday, reaching $0.78. The company’s stock had a trading volume of 239,279 shares, compared to its average volume of 225,776. The business’s fifty day simple moving average is $2.07 and its 200-day simple moving average is $2.90. The company has a market capitalization of $11.50 million, a P/E ratio of -0.67 and a beta of 6.86. Direct Digital Holdings, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $35.88.

Direct Digital (NASDAQ:DRCT) last posted 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, analysts forecast that Direct Digital Holdings, Inc. will post -1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direct Digital stock. Privium Fund Management UK Ltd bought a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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. 4.02% of the stock is currently owned by institutional investors.

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.