Cardlytics (NASDAQ:CDLX) CEO Sells $18,676.46 in Stock

Cardlytics, Inc. (NASDAQ:CDLX – Get Free Report) CEO Amit Gupta sold 7,382 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $2.53, for a total value of $18,676.46. Following the sale, the chief executive officer owned 138,906 shares of the company’s stock, valued at approximately $351,432.18. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, October 1st, Amit Gupta sold 10,351 shares of Cardlytics stock. The stock was sold at an average price of $2.71, for a total transaction of $28,051.21.
  • On Tuesday, August 18th, Amit Gupta sold 6,676 shares of Cardlytics stock. The stock was sold at an average price of $4.03, for a total transaction of $26,904.28.
  • On Monday, August 17th, Amit Gupta sold 6,785 shares of Cardlytics stock. The shares were sold at an average price of $3.97, for a total transaction of $26,936.45.
  • On Monday, July 6th, Amit Gupta sold 9,640 shares of Cardlytics stock. The shares were sold at an average price of $4.39, for a total transaction of $42,319.60.

Cardlytics Stock Performance

CDLX opened at $2.53 on Monday. Cardlytics, Inc. has a 1-year low of $2.47 and a 1-year high of $26.70. The company has a market capitalization of $14.70 million, a PE ratio of -0.14 and a beta of 0.70. The firm’s 50 day simple moving average is $3.81 and its two-hundred day simple moving average is $5.86.

Cardlytics (NASDAQ:CDLX – Get Free Report) last issued its quarterly 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. Cardlytics had a negative net margin of 55.92% and a negative return on equity of 956.56%. The business had revenue of $36.88 million for the quarter, compared to analysts’ expectations of $37.00 million. Equities analysts forecast that Cardlytics, Inc. will post -3.89 earnings per share for the current fiscal year.

Institutional Trading of Cardlytics

A hedge fund recently bought a new stake in Cardlytics stock. Worldly Partners Management LLC bought a new position in Cardlytics, Inc. (NASDAQ:CDLX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 115,798 shares of the company’s stock, valued at approximately $520,000. Cardlytics accounts for about 0.4% of Worldly Partners Management LLC’s holdings, making the stock its 3rd largest holding. Worldly Partners Management LLC owned about 1.99% of Cardlytics at the end of the most recent quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CDLX. Needham & Company LLC reissued a “hold” rating on shares of Cardlytics in a report on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cardlytics in a research note on Wednesday, July 8th. Finally, Wall Street Zen cut Cardlytics from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. 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 MarketBeat.com, the stock presently has an average rating of “Sell” and an average target price of $10.00.

Read Our Latest Research Report on CDLX

About Cardlytics

(Get Free Report)

Cardlytics, Inc is an advertising technology company that connects marketers with consumers through financial institutions. Its platform uses transaction-based insights to help advertisers reach customers with relevant offers and measure the impact of advertising on consumer spending.

Cardlytics’ services are integrated into banking and financial applications, where consumers may receive personalized cash-back offers, discounts and other promotions based on their shopping activity. Participating financial institutions can use the platform to provide additional value to customers while generating advertising revenue.

The company serves advertisers across categories such as retail, dining, travel and financial services, and works with banks and other financial institutions primarily in the United States and the United Kingdom.

Further Reading

Insider Buying and Selling by Quarter for Cardlytics (NASDAQ:CDLX)

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