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

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

Direct Digital Trading Up 71.6 %

DRCT stock opened at $1.33 on Friday. The firm has a market capitalization of $19.50 million, a PE ratio of -1.14 and a beta of 6.61. Direct Digital Holdings, Inc. has a one year low of $0.51 and a one year high of $16.37. The firm has a 50-day moving average of $1.05 and a two-hundred day moving average of $1.68.

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

Hedge Funds Weigh In On Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Citadel Advisors LLC bought a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the fourth quarter, according to its most recent filing 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 approximately 0.30% of Direct Digital at the end of the most recent quarter. 4.02% of the stock is currently owned by institutional investors and hedge funds.

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.