Amit Gupta Sells 54,225 Shares of Cardlytics (NASDAQ:CDLX) Stock

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 54,225 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $1.04, for a total value of $56,394.00. Following the completion of the transaction, the chief executive officer directly owned 1,057,220 shares of the company’s stock, valued at $1,099,508.80. This trade represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amit Gupta also recently made the following trade(s):

• On Wednesday, April 1st, Amit Gupta sold 62,549 shares of Cardlytics stock. The shares were sold at an average price of $0.99, for a total value of $61,923.51.
• On Wednesday, February 18th, Amit Gupta sold 45,159 shares of Cardlytics stock. The stock was sold at an average price of $0.93, for a total value of $41,997.87.
• On Tuesday, February 17th, Amit Gupta sold 52,049 shares of Cardlytics stock. The stock was sold at an average price of $0.90, for a total value of $46,844.10.
• On Monday, January 5th, Amit Gupta sold 5,807 shares of Cardlytics stock. The shares were sold at an average price of $1.17, for a total value of $6,794.19.

Cardlytics Stock Performance

Shares of CDLX opened at $1.13 on Friday. Cardlytics, Inc. has a one year low of $0.66 and a one year high of $3.28. The stock’s fifty day moving average is $0.90 and its 200-day moving average is $1.34. The firm has a market capitalization of $62.23 million, a price-to-earnings ratio of -0.58 and a beta of 0.91.

Cardlytics (NASDAQ:CDLX) last posted its quarterly earnings data on Wednesday, March 4th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $56.10 million during the quarter, compared to analyst estimates of $54.46 million. Cardlytics had a negative return on equity of 370.98% and a negative net margin of 44.36%. Analysts forecast that Cardlytics, Inc. will post -1.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CDLX. Bank of America reiterated an “underperform” rating on shares of Cardlytics in a report on Thursday, March 5th. Wall Street Zen raised Cardlytics from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cardlytics in a research note on Monday, December 29th. Finally, Evercore set a $1.00 price target on Cardlytics in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $1.75.

Hedge Funds Weigh In On Cardlytics

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd raised its position in shares of Cardlytics by 143.5% during the second quarter. XTX Topco Ltd now owns 85,971 shares of the company’s stock worth $141,000 after purchasing an additional 50,663 shares during the period. Marshall Wace LLP acquired a new position in shares of Cardlytics in the 2nd quarter valued at $59,000. Sand Hill Global Advisors LLC purchased a new position in Cardlytics in the 2nd quarter worth about $35,000. Jane Street Group LLC increased its stake in Cardlytics by 263.0% in the 2nd quarter. Jane Street Group LLC now owns 162,427 shares of the company’s stock worth $267,000 after purchasing an additional 117,687 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Cardlytics by 67.3% during the 3rd quarter. Global Retirement Partners LLC now owns 34,800 shares of the company’s stock worth $85,000 after buying an additional 14,000 shares during the period. 68.10% of the stock is currently owned by institutional investors and hedge funds.

About Cardlytics

Cardlytics, Inc operates a purchase intelligence and marketing platform that connects advertisers with consumers through bank and credit card transaction data. The company partners with financial institutions to analyze anonymized purchase information, enabling brands to deliver highly targeted offers and rewards directly to customers’ online and mobile banking channels. By leveraging real-time insights into consumer spending habits, Cardlytics helps marketers optimize campaign performance and measure return on ad spend more accurately than traditional digital advertising methods.

At the core of Cardlytics’ offering is its proprietary purchase intelligence engine, which aggregates and anonymizes transaction data from partner banks and credit unions.