Cardlytics (NASDAQ:CDLX) CEO Amit Gupta Sells 54,225 Shares

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 54,225 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $1.04, for a total transaction of $56,394.00. Following the completion of the transaction, the chief executive officer owned 1,057,220 shares of the company’s stock, valued at $1,099,508.80. This represents a 4.88% decrease in their position. The sale 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 Wednesday, April 1st, Amit Gupta sold 62,549 shares of Cardlytics stock. The shares were sold at an average price of $0.99, for a total transaction of $61,923.51.
• On Wednesday, February 18th, Amit Gupta sold 45,159 shares of Cardlytics stock. The stock was sold at an average price of $0.93, for a total transaction of $41,997.87.
• On Tuesday, February 17th, Amit Gupta sold 52,049 shares of Cardlytics stock. The stock was sold at an average price of $0.90, for a total transaction of $46,844.10.
• On Monday, January 5th, Amit Gupta sold 5,807 shares of Cardlytics stock. The shares were sold at an average price of $1.17, for a total transaction of $6,794.19.

Cardlytics Trading Up 13.0%

CDLX stock opened at $1.13 on Friday. The firm has a 50 day moving average of $0.90 and a 200-day moving average of $1.34. The company has a market cap of $62.23 million, a price-to-earnings ratio of -0.58 and a beta of 0.91. Cardlytics, Inc. has a 12-month low of $0.66 and a 12-month high of $3.28.

Cardlytics (NASDAQ:CDLX) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cardlytics had a negative return on equity of 370.98% and a negative net margin of 44.36%.The firm had revenue of $56.10 million during the quarter, compared to analyst estimates of $54.46 million. Sell-side analysts forecast that Cardlytics, Inc. will post -1.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CDLX shares. Evercore set a $1.00 price objective on shares of Cardlytics in a research report on Friday, March 6th. Bank of America reaffirmed an “underperform” rating on shares of Cardlytics in a report on Thursday, March 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cardlytics in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $1.75.

Institutional Trading of Cardlytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDLX. XTX Topco Ltd raised its stake in Cardlytics by 143.5% in the 2nd quarter. XTX Topco Ltd now owns 85,971 shares of the company’s stock valued at $141,000 after purchasing an additional 50,663 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Cardlytics during the 2nd quarter worth about $59,000. Sand Hill Global Advisors LLC acquired a new stake in shares of Cardlytics during the 2nd quarter worth about $35,000. Jane Street Group LLC grew its holdings in shares of Cardlytics by 263.0% during the second quarter. Jane Street Group LLC now owns 162,427 shares of the company’s stock worth $267,000 after buying an additional 117,687 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Cardlytics by 67.3% during the third quarter. Global Retirement Partners LLC now owns 34,800 shares of the company’s stock worth $85,000 after buying an additional 14,000 shares in the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

About Cardlytics

Cardlytics, Inc operates a purchase intelligence and marketing platform that connects advertisers with consumers through bank and credit card transaction data. The company partners with financial institutions to analyze anonymized purchase information, enabling brands to deliver highly targeted offers and rewards directly to customers’ online and mobile banking channels. By leveraging real-time insights into consumer spending habits, Cardlytics helps marketers optimize campaign performance and measure return on ad spend more accurately than traditional digital advertising methods.

At the core of Cardlytics’ offering is its proprietary purchase intelligence engine, which aggregates and anonymizes transaction data from partner banks and credit unions.