Amit Gupta Sells 6,785 Shares of Cardlytics (NASDAQ:CDLX) Stock

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 6,785 shares of Cardlytics stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3.97, for a total value of $26,936.45. Following the completion of the transaction, the chief executive officer owned 132,065 shares in the company, valued at $524,298.05. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, August 18th, Amit Gupta sold 6,676 shares of Cardlytics stock. The shares were sold at an average price of $4.03, for a total value of $26,904.28.
• On Monday, July 6th, Amit Gupta sold 9,640 shares of Cardlytics stock. The stock was sold at an average price of $4.39, for a total value of $42,319.60.
• 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 value of $28,526.22.

Cardlytics Trading Up 1.7%

CDLX stock traded up $0.07 during mid-day trading on Tuesday, reaching $4.12. 53,338 shares of the stock traded hands, compared to its average volume of 93,274. Cardlytics, Inc. has a 52-week low of $3.49 and a 52-week high of $32.80. The stock’s fifty day moving average is $4.37 and its 200-day moving average is $7.04. The company has a market cap of $23.94 million, a P/E ratio of -0.22 and a beta of 0.62.

Cardlytics (NASDAQ:CDLX) last released its earnings results on Wednesday, August 5th. The company reported ($1.50) earnings per share for the quarter, topping the consensus estimate of ($2.30) by $0.80. The business had revenue of $36.88 million for the quarter, compared to the consensus estimate of $37.00 million. Cardlytics had a negative net margin of 55.92% and a negative return on equity of 956.56%. Equities research analysts expect that Cardlytics, Inc. will post -3.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CDLX. Virtu Financial LLC acquired a new position in Cardlytics during the 4th quarter worth $39,000. Qube Research & Technologies Ltd bought a new position in shares of Cardlytics in the third quarter worth about $55,000. Marshall Wace LLP acquired a new position in shares of Cardlytics during the 2nd quarter worth about $59,000. Renaissance Technologies LLC bought a new stake in Cardlytics during the 4th quarter valued at approximately $62,000. Finally, Barclays PLC boosted its stake in Cardlytics by 31,167.6% during the 4th quarter. Barclays PLC now owns 55,969 shares of the company’s stock valued at $64,000 after purchasing an additional 55,790 shares during the period. Institutional investors own 68.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cardlytics in a research report on Wednesday, July 8th. Wall Street Zen raised Cardlytics from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Cardlytics in a research report on Thursday, June 18th. Finally, Lake Street Capital set a $10.00 target price on Cardlytics in a report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Sell” and an average price target of $10.00.

Cardlytics Company Profile

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.