Amit Gupta Sells 68,685 Shares of Cardlytics (NASDAQ:CDLX) Stock

Key Points

• Cardlytics CEO Amit Gupta sold 68,685 shares of the company's stock for a total of $76,927.20, resulting in a 12.26% decrease in his ownership position.
• Following recent trading, Cardlytics shares have seen a price decline, trading at $1.10 with a market cap of $58.56 million.
• Analysts have lowered their price targets for Cardlytics, with Lake Street Capital decreasing it from $3.00 to $2.50 and Evercore ISI reducing it from $3.00 to $2.00, reflecting a more cautious outlook.

Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) CEO Amit Gupta sold 68,685 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $1.12, for a total transaction of $76,927.20. Following the sale, the chief executive officer owned 491,759 shares of the company's stock, valued at approximately $550,770.08. The trade was a 12.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, August 18th, Amit Gupta sold 68,260 shares of Cardlytics stock. The stock was sold at an average price of $1.12, for a total value of $76,451.20.
• 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 value of $11,970.50.

Cardlytics Trading Up 9.9%

Shares of NASDAQ CDLX traded up $0.10 during mid-day trading on Friday, reaching $1.11. 807,503 shares of the company's stock were exchanged, compared to its average volume of 1,447,929. The firm has a market capitalization of $59.10 million, a price-to-earnings ratio of -0.30 and a beta of 1.26. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.16 and a current ratio of 1.16. Cardlytics, Inc. has a 52-week low of $0.95 and a 52-week high of $5.2450. The company's 50-day moving average is $1.74 and its 200-day moving average is $1.95.

Institutional Trading of Cardlytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDLX. Geode Capital Management LLC raised 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 worth $3,936,000 after purchasing an additional 7,561 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Cardlytics by 46.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,106 shares of the company's stock worth $78,000 after purchasing an additional 6,649 shares in the last quarter. Barclays PLC raised its holdings in Cardlytics by 26.2% during the fourth quarter. Barclays PLC now owns 73,255 shares of the company's stock worth $272,000 after purchasing an additional 15,229 shares in the last quarter. XTX Topco Ltd acquired a new stake in Cardlytics during the fourth quarter worth approximately $157,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Cardlytics during the fourth quarter worth approximately $84,000. Institutional investors and hedge funds own 68.10% of the company's stock.

Wall Street Analysts Forecast Growth

CDLX has been the subject of a number of research analyst reports. Lake Street Capital lowered their target price on Cardlytics from $3.00 to $2.50 and set a "hold" rating for the company in a report on Thursday, May 8th. Evercore ISI lowered their target price on Cardlytics from $3.00 to $2.00 and set an "in-line" rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $2.25.

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.