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

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 11,302 shares of Direct Digital stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $0.92, for a total transaction of $10,397.84. Following the completion of the transaction, the chief executive officer now owns 93,021 shares in the company, valued at approximately $85,579.32. The trade was a 10.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Direct Digital Price Performance

NASDAQ:DRCT opened at $0.80 on Friday. The company’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.83. The firm has a market capitalization of $11.67 million, a P/E ratio of -0.68 and a beta of 6.61. Direct Digital Holdings, Inc. has a one year low of $0.51 and a one year 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 stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 44,202 shares of the company’s stock, valued at approximately $70,000. Citadel Advisors LLC owned about 0.30% of Direct Digital at the end of the most recent quarter. 4.02% of the stock is owned by hedge funds and other 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.