Insider Selling: Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Sells 11,302 Shares of Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker sold 11,302 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $0.92, for a total transaction of $10,397.84. Following the sale, the chief executive officer now owns 93,021 shares in the company, valued at $85,579.32. The trade was a 10.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Direct Digital Stock Down 2.1 %

Shares of NASDAQ DRCT opened at $0.78 on Friday. The stock has a market capitalization of $11.42 million, a price-to-earnings ratio of -0.67 and a beta of 6.61. Direct Digital Holdings, Inc. has a 52 week low of $0.51 and a 52 week high of $35.88. The firm has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.80.

Institutional Investors Weigh In On Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. Citadel Advisors LLC acquired a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 reporting period. 4.02% of the stock is currently owned by hedge funds and other institutional investors.

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.