Cardlytics (NASDAQ:CDLX) CEO Sells $76,927.20 in 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 business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $1.12, for a total transaction of $76,927.20. Following the transaction, the chief executive officer directly owned 491,759 shares in the company, valued at $550,770.08. This trade represents a 12.26% decrease in their position. The sale was disclosed in a document filed 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 transaction 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 transaction of $11,970.50.

Cardlytics Price Performance

Shares of NASDAQ CDLX traded down $0.0250 during midday trading on Tuesday, reaching $1.10. 1,612,532 shares of the company traded hands, compared to its average volume of 2,324,776. The firm has a market cap of $58.56 million, a PE ratio of -0.30 and a beta of 1.26. The stock's 50-day simple moving average is $1.77 and its 200-day simple moving average is $2.00. Cardlytics, Inc. has a 12 month low of $1.0338 and a 12 month high of $5.2450. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.16 and a current ratio of 1.16.

Hedge Funds Weigh In On Cardlytics

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC acquired a new position in Cardlytics during the fourth quarter worth approximately $43,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Cardlytics during the second quarter worth approximately $32,000. Post Resch Tallon Group Inc. boosted its holdings in shares of Cardlytics by 100.0% during the second quarter. Post Resch Tallon Group Inc. now owns 20,000 shares of the company's stock worth $33,000 after acquiring an additional 10,000 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of 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 acquiring an additional 6,649 shares during the period. Finally, Sand Hill Global Advisors LLC bought a new stake in shares of Cardlytics during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 68.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CDLX shares. Lake Street Capital cut their target price on Cardlytics from $3.00 to $2.50 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Evercore ISI lowered their price target 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, Cardlytics presently has an average rating of "Moderate Buy" and a consensus 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.

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