Insider Selling: Cardlytics (NASDAQ:CDLX) CEO Sells 7,799 Shares of Stock

Key Points

• Amit Gupta, CEO of Cardlytics, sold 7,799 shares at an average price of $2.27, reducing his ownership by 1.54% and maintaining 498,310 shares valued at approximately $1.13 million.
• Cardlytics shares increased by 0.4%, reaching $2.37, with a current market capitalization of $126.18 million, while experiencing a price-to-earnings ratio of -0.65.
• Institutional investors own 68.10% of Cardlytics, with some firms, like Post Resch Tallon Group Inc. and Two Sigma Investments, increasing their stakes in recent quarters.

Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) CEO Amit Gupta sold 7,799 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $2.27, for a total transaction of $17,703.73. Following the completion of the transaction, the chief executive officer owned 498,310 shares in the company, valued at approximately $1,131,163.70. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 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.

Cardlytics Stock Up 0.4%

Shares of NASDAQ:CDLX traded up $0.01 during trading hours on Thursday, reaching $2.37. The stock had a trading volume of 3,685,673 shares, compared to its average volume of 13,037,717. Cardlytics, Inc. has a 1 year low of $0.85 and a 1 year high of $5.24. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $126.18 million, a price-to-earnings ratio of -0.65 and a beta of 1.45. The firm's 50 day moving average is $1.58 and its 200-day moving average is $1.73.

Institutional Trading of Cardlytics

Institutional investors have recently added to or reduced their stakes in the stock. Post Resch Tallon Group Inc. lifted its position in Cardlytics by 100.0% in the second quarter. Post Resch Tallon Group Inc. now owns 20,000 shares of the company's stock valued at $33,000 after purchasing an additional 10,000 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Cardlytics by 12.5% in the fourth quarter. Two Sigma Investments LP now owns 94,901 shares of the company's stock worth $352,000 after buying an additional 10,508 shares during the period. Two Sigma Advisers LP raised its stake in Cardlytics by 44.1% during the 4th quarter. Two Sigma Advisers LP now owns 36,900 shares of the company's stock valued at $137,000 after purchasing an additional 11,300 shares during the period. ProShare Advisors LLC bought a new stake in Cardlytics in the 4th quarter worth approximately $43,000. Finally, Check Capital Management Inc. CA boosted its holdings in Cardlytics by 20.7% during the 2nd quarter. Check Capital Management Inc. CA now owns 74,500 shares of the company's stock valued at $123,000 after acquiring an additional 12,800 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Evercore ISI reduced their target price on shares of Cardlytics from $3.00 to $2.00 and set an "in-line" rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cardlytics currently 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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