Cardlytics (NASDAQ:CDLX) CEO Amit Gupta Sells 68,260 Shares

Key Points

• Cardlytics CEO Amit Gupta sold 68,260 shares of the company's stock for a total of $76,451.20, reducing his ownership by 10.86% to 560,444 shares valued at approximately $627,697.28.
• The company's stock is currently trading at $1.10, with a 52-week range between $1.0338 and $5.2450, and analysts have set an average price target of $2.25.
• Institutional investors and hedge funds hold a significant stake in Cardlytics, owning 68.10% of the company's stock, with various firms increasing their positions recently.

Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) CEO Amit Gupta sold 68,260 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.12, for a total value of $76,451.20. Following the completion of the sale, the chief executive officer owned 560,444 shares of the company's stock, valued at $627,697.28. This trade represents a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 19th, Amit Gupta sold 68,685 shares of Cardlytics stock. The stock was sold at an average price of $1.12, for a total transaction of $76,927.20.
• On Wednesday, July 2nd, Amit Gupta sold 6,725 shares of Cardlytics stock. The stock was sold at an average price of $1.78, for a total transaction of $11,970.50.

Cardlytics Stock Performance

Shares of Cardlytics stock traded down $0.0250 on Tuesday, hitting $1.10. The stock had a trading volume of 1,612,532 shares, compared to its average volume of 2,324,776. Cardlytics, Inc. has a 52-week low of $1.0338 and a 52-week high of $5.2450. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.87. The stock has a market cap of $58.56 million, a price-to-earnings ratio of -0.30 and a beta of 1.26. The company's 50 day moving average price is $1.77 and its 200 day moving average price is $2.00.

Analysts Set New Price Targets

A number of research analysts have recently commented on CDLX shares. Lake Street Capital dropped their price objective on shares of Cardlytics from $3.00 to $2.50 and set a "hold" rating for the company in a research note on Thursday, May 8th. Evercore ISI dropped their price objective on Cardlytics from $3.00 to $2.00 and set an "in-line" rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cardlytics has an average rating of "Moderate Buy" and an average price target of $2.25.

Institutional Investors Weigh In On Cardlytics

Several institutional investors and hedge funds have recently modified their holdings of CDLX. Geode Capital Management LLC boosted its holdings in Cardlytics by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,060,739 shares of the company's stock valued at $3,936,000 after purchasing an additional 7,561 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Cardlytics by 46.0% in the 4th quarter. Wells Fargo & Company MN now owns 21,106 shares of the company's stock valued at $78,000 after acquiring an additional 6,649 shares in the last quarter. Barclays PLC increased its position in shares of Cardlytics by 26.2% during the 4th quarter. Barclays PLC now owns 73,255 shares of the company's stock worth $272,000 after purchasing an additional 15,229 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Cardlytics during the 4th quarter worth approximately $157,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Cardlytics during the 4th quarter worth approximately $84,000. Institutional investors and hedge funds 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.

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