Insider Selling: Cardlytics, Inc. (NASDAQ:CDLX) CEO Sells 46,857 Shares of Stock

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 46,857 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total value of $159,313.80. Following the transaction, the chief executive officer now owns 418,637 shares of the company’s stock, valued at $1,423,365.80. The trade was a 10.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, January 24th, Amit Gupta sold 15,160 shares of Cardlytics stock. The stock was sold at an average price of $3.92, for a total transaction of $59,427.20.
• On Friday, January 3rd, Amit Gupta sold 5,964 shares of Cardlytics stock. The shares were sold at an average price of $3.67, for a total transaction of $21,887.88.

Cardlytics Stock Down 9.1 %

Shares of CDLX stock opened at $2.69 on Friday. Cardlytics, Inc. has a 12-month low of $2.67 and a 12-month high of $20.52. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.40. The firm has a fifty day moving average of $3.42 and a 200-day moving average of $3.69. The company has a market capitalization of $136.71 million, a price-to-earnings ratio of -0.44 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CDLX shares. Craig Hallum raised shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Needham & Company LLC reiterated a “hold” rating on shares of Cardlytics in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.92.

Hedge Funds Weigh In On Cardlytics

A number of large investors have recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in shares of Cardlytics in the fourth quarter valued at about $37,000. Atom Investors LP acquired a new stake in Cardlytics in the 3rd quarter valued at approximately $33,000. ProShare Advisors LLC bought a new stake in Cardlytics in the 4th quarter valued at approximately $43,000. SG Americas Securities LLC acquired a new position in Cardlytics during the 3rd quarter worth approximately $45,000. Finally, Intech Investment Management LLC bought a new position in shares of Cardlytics during the 3rd quarter worth approximately $47,000. Institutional investors own 68.10% of the company’s stock.

About Cardlytics

Cardlytics, Inc operates an advertising platform in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enables marketers to reach customers through their network of financial institution partners through digital channels, such as online, mobile applications, email, and various real-time notifications; and Bridg platform, a customer data platform which utilizes point-of-sale data and enables marketers to perform analytics and targeted loyalty marketing, as well as measure the impact of their marketing.