Insider Selling: Cardlytics (NASDAQ:CDLX) CEO Sells $42,319.60 in Stock

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 9,640 shares of Cardlytics stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.39, for a total transaction of $42,319.60. Following the completion of the sale, the chief executive officer owned 113,850 shares in the company, valued at approximately $499,801.50. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, July 2nd, Amit Gupta sold 6,498 shares of Cardlytics stock. The stock was sold at an average price of $4.39, for a total transaction of $28,526.22.

Cardlytics Price Performance

Cardlytics stock traded down $0.10 during midday trading on Monday, reaching $4.37. The company had a trading volume of 58,856 shares, compared to its average volume of 103,822. Cardlytics, Inc. has a 12-month low of $4.25 and a 12-month high of $32.80. The company has a market capitalization of $25.39 million, a P/E ratio of -0.25 and a beta of 0.61. The firm’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $8.75.

Institutional Investors Weigh In On Cardlytics

Large investors have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC boosted its stake in Cardlytics by 900.0% during the third quarter. Quinn Opportunity Partners LLC now owns 1,100,000 shares of the company’s stock worth $2,673,000 after buying an additional 990,000 shares during the last quarter. Jane Street Group LLC increased its stake in shares of 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 acquiring an additional 117,687 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Cardlytics by 44.7% during the 3rd quarter. Two Sigma Investments LP now owns 125,938 shares of the company’s stock worth $306,000 after acquiring an additional 38,900 shares during the period. Geode Capital Management LLC boosted its position in shares of Cardlytics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 654,472 shares of the company’s stock valued at $753,000 after acquiring an additional 20,908 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Cardlytics during the 3rd quarter valued at about $272,000. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cardlytics in a research note on Friday, April 10th. Lake Street Capital set a $10.00 price objective on Cardlytics in a research note on Friday, May 8th. Wall Street Zen lowered Cardlytics from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cardlytics in a research note on Thursday, June 18th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $10.00.

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.