Direct Digital Holdings, Inc. (NASDAQ:DRCT - Get Free Report) CEO Mark D. Walker sold 8,647 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $1.20, for a total value of $10,376.40. Following the transaction, the chief executive officer now directly owns 27,667 shares in the company, valued at $33,200.40. The trade was a 23.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Direct Digital Trading Down 2.5 %
Direct Digital stock opened at $1.17 on Tuesday. The firm has a market capitalization of $17.16 million, a price-to-earnings ratio of -1.00 and a beta of 7.45. The firm's fifty day moving average price is $2.24 and its two-hundred day moving average price is $3.02. Direct Digital Holdings, Inc. has a 1-year low of $1.09 and a 1-year high of $35.88.
Direct Digital (NASDAQ:DRCT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $21.86 million during the quarter. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. On average, research analysts forecast that Direct Digital Holdings, Inc. will post -1.91 EPS for the current year.
Institutional Inflows and Outflows
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An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd acquired a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,925 shares of the company's stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned about 0.15% of Direct Digital at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.02% of the company's stock.
About Direct Digital
(
Get Free Report)
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.
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