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

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 11,302 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $0.92, for a total transaction of $10,397.84. Following the completion of the sale, the chief executive officer now directly owns 93,021 shares of the company’s stock, valued at $85,579.32. This represents a 10.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Direct Digital Stock Performance

Shares of Direct Digital stock traded down $0.03 on Thursday, reaching $0.80. 58,897 shares of the stock were exchanged, compared to its average volume of 822,205. The firm’s 50 day moving average is $1.17 and its 200-day moving average is $1.83. Direct Digital Holdings, Inc. has a one year low of $0.51 and a one year high of $35.88. The firm has a market cap of $11.67 million, a PE ratio of -0.68 and a beta of 6.61.

Institutional Trading of Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Citadel Advisors LLC purchased a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 44,202 shares of the company’s stock, valued at approximately $70,000. Citadel Advisors LLC owned 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.

Direct Digital Company Profile

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.