Direct Digital Holdings, Inc. (NASDAQ:DRCT - Get Free Report) CEO Mark D. Walker sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $1.01, for a total transaction of $10,100.00. Following the transaction, the chief executive officer now directly owns 190,000 shares of the company's stock, valued at $191,900. This represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Direct Digital Stock Performance
Direct Digital stock opened at $0.78 on Friday. Direct Digital Holdings, Inc. has a twelve month low of $0.76 and a twelve month high of $35.88. The stock's 50 day moving average is $2.05 and its 200 day moving average is $2.88.
Direct Digital (NASDAQ:DRCT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $21.86 million for 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 anticipate that Direct Digital Holdings, Inc. will post -1.91 EPS for the current year.
Hedge Funds Weigh In On Direct Digital
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A hedge fund recently bought a new stake in Direct Digital stock. Privium Fund Management UK Ltd acquired a new stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,925 shares of the company's stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital as of its most recent SEC filing. Hedge funds and other institutional investors own 4.02% of the company's stock.
Direct Digital Company Profile
(
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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