Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta Sells 46,857 Shares

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 46,857 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $159,313.80. Following the transaction, the chief executive officer now owns 418,637 shares of the company’s stock, valued at $1,423,365.80. This trade represents a 10.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 24th, Amit Gupta sold 15,160 shares of Cardlytics stock. The shares were sold at an average price of $3.92, for a total transaction of $59,427.20.
• On Friday, January 3rd, Amit Gupta sold 5,964 shares of Cardlytics stock. The stock was sold at an average price of $3.67, for a total value of $21,887.88.

Cardlytics Price Performance

Shares of NASDAQ:CDLX traded down $0.25 during midday trading on Wednesday, hitting $3.12. The company had a trading volume of 795,583 shares, compared to its average volume of 892,856. The business’s 50-day simple moving average is $3.47 and its 200-day simple moving average is $3.73. The stock has a market cap of $158.56 million, a price-to-earnings ratio of -0.51 and a beta of 1.54. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.18 and a quick ratio of 1.18. Cardlytics, Inc. has a twelve month low of $2.76 and a twelve month high of $20.52.

Institutional Trading of Cardlytics

Hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in Cardlytics by 31.3% in the fourth quarter. Intech Investment Management LLC now owns 19,310 shares of the company’s stock valued at $72,000 after acquiring an additional 4,607 shares during the last quarter. Check Capital Management Inc. CA grew its holdings in shares of Cardlytics by 10.4% during the 3rd quarter. Check Capital Management Inc. CA now owns 50,650 shares of the company’s stock worth $162,000 after purchasing an additional 4,775 shares during the period. BNP Paribas Financial Markets increased its position in shares of Cardlytics by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,745 shares of the company’s stock worth $63,000 after purchasing an additional 4,796 shares during the last quarter. SG Americas Securities LLC raised its holdings in Cardlytics by 38.2% in the 4th quarter. SG Americas Securities LLC now owns 19,490 shares of the company’s stock valued at $72,000 after buying an additional 5,392 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Cardlytics by 46.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,106 shares of the company’s stock valued at $78,000 after buying an additional 6,649 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Cardlytics in a research note on Friday, January 17th. Craig Hallum upgraded shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.92.

Cardlytics Company Profile

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.