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 transaction, the chief executive officer now directly owns 43,152 shares of the company’s stock, valued at $33,658.56. The trade was a 31.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Direct Digital Price Performance

Direct Digital stock traded up $0.56 during trading hours on Thursday, hitting $1.33. The stock had a trading volume of 23,455,040 shares, compared to its average volume of 906,884. Direct Digital Holdings, Inc. has a 1-year low of $0.51 and a 1-year high of $16.37. The stock has a market capitalization of $19.50 million, a price-to-earnings ratio of -1.14 and a beta of 6.61. The stock’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 quarterly earnings data on Thursday, March 27th. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.24. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. As a group, sell-side 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 bought a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.02% of the company’s stock.

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.