Insider Selling: Cardlytics (NASDAQ:CDLX) CEO Sells 7,382 Shares of Stock

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 7,382 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $2.53, for a total value of $18,676.46. Following the transaction, the chief executive officer directly owned 138,906 shares in the company, valued at approximately $351,432.18. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, October 1st, Amit Gupta sold 10,351 shares of Cardlytics stock. The stock was sold at an average price of $2.71, for a total value of $28,051.21.
• On Tuesday, August 18th, Amit Gupta sold 6,676 shares of Cardlytics stock. The stock was sold at an average price of $4.03, for a total value of $26,904.28.
• On Monday, August 17th, Amit Gupta sold 6,785 shares of Cardlytics stock. The shares were sold at an average price of $3.97, for a total value of $26,936.45.
• On Monday, July 6th, Amit Gupta sold 9,640 shares of Cardlytics stock. The shares were sold at an average price of $4.39, for a total value of $42,319.60.

Cardlytics Stock Performance

Cardlytics stock traded down $0.11 during mid-day trading on Friday, hitting $2.53. The company’s stock had a trading volume of 75,648 shares, compared to its average volume of 84,032. Cardlytics, Inc. has a one year low of $2.47 and a one year high of $26.70. The company has a 50 day moving average of $3.83 and a 200-day moving average of $5.90. The stock has a market cap of $14.70 million, a PE ratio of -0.14 and a beta of 0.71.

Cardlytics (NASDAQ:CDLX) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.30) by $0.80. The company had revenue of $36.88 million during the quarter, compared to analysts’ expectations of $37.00 million. Cardlytics had a negative net margin of 55.92% and a negative return on equity of 956.56%. On average, equities research analysts forecast that Cardlytics, Inc. will post -3.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Cardlytics in a research note on Wednesday, July 8th. Wall Street Zen lowered Cardlytics from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cardlytics in a report on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cardlytics has an average rating of “Sell” and an average target price of $10.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cardlytics stock. Worldly Partners Management LLC acquired a new position in shares of Cardlytics, Inc. (NASDAQ:CDLX) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 115,798 shares of the company’s stock, valued at approximately $520,000. Cardlytics comprises 0.4% of Worldly Partners Management LLC’s investment portfolio, making the stock its 3rd biggest position. Worldly Partners Management LLC owned approximately 1.99% of Cardlytics as of its most recent SEC filing. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Cardlytics Company Profile

Cardlytics, Inc is an advertising technology company that connects marketers with consumers through financial institutions. Its platform uses transaction-based insights to help advertisers reach customers with relevant offers and measure the impact of advertising on consumer spending.

Cardlytics’ services are integrated into banking and financial applications, where consumers may receive personalized cash-back offers, discounts and other promotions based on their shopping activity. Participating financial institutions can use the platform to provide additional value to customers while generating advertising revenue.

The company serves advertisers across categories such as retail, dining, travel and financial services, and works with banks and other financial institutions primarily in the United States and the United Kingdom.