Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker Sells 19,778 Shares of Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 19,778 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $0.78, for a total transaction of $15,426.84. Following the completion of the transaction, the chief executive officer now owns 43,152 shares in the company, valued at approximately $33,658.56. This trade represents a 31.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Direct Digital Stock Up 71.6 %

Shares of Direct Digital stock opened at $1.33 on Friday. The firm has a market cap of $19.50 million, a PE ratio of -1.14 and a beta of 6.61. Direct Digital Holdings, Inc. has a fifty-two week low of $0.51 and a fifty-two week high of $16.37. The business’s fifty day moving average is $1.05 and its two-hundred day moving average is $1.68.

Direct Digital (NASDAQ:DRCT) last released its earnings results on Thursday, March 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.24. The firm had revenue of $9.08 million during the quarter, compared to the consensus estimate of $13.82 million. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. Equities research analysts anticipate that Direct Digital Holdings, Inc. will post -1.91 EPS for the current year.

Institutional Trading of Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. Citadel Advisors LLC acquired a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 reporting period. 4.02% of the stock is currently 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.