Key Points
- CEO Amit Gupta sold 54,225 shares on April 2 at an average $1.04 for $56,394, reducing his stake by 4.88% to 1,057,220 shares (≈$1.10M) and continuing a series of insider sales earlier this year.
- The company missed EPS for the quarter (‑$0.15 vs. consensus ‑$0.07) despite revenue of $56.1M beating estimates, and the stock opened at $1.13 (up ~13%) with a market cap of ~$62.2M.
- Wall Street sentiment is weak—consensus rating is "Reduce" with a $1.75 price target (two Hold, two Sell)—while institutional investors hold about 68.1% of the shares.
Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) insider Nicholas Hollmeyer Lynton sold 40,296 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $0.99, for a total value of $39,893.04. Following the transaction, the insider directly owned 167,856 shares in the company, valued at $166,177.44. The trade was a 19.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Nicholas Hollmeyer Lynton also recently made the following trade(s):
- On Monday, January 5th, Nicholas Hollmeyer Lynton sold 6,253 shares of Cardlytics stock. The stock was sold at an average price of $1.17, for a total value of $7,316.01.
Cardlytics Stock Performance
Cardlytics stock opened at $1.13 on Friday. Cardlytics, Inc. has a one year low of $0.66 and a one year high of $3.28. The stock has a fifty day moving average of $0.90 and a 200 day moving average of $1.34. The stock has a market cap of $62.23 million, a PE ratio of -0.58 and a beta of 0.91.
Cardlytics (NASDAQ:CDLX - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $56.10 million for the quarter, compared to analysts' expectations of $54.46 million. Cardlytics had a negative net margin of 44.36% and a negative return on equity of 370.98%. As a group, sell-side analysts predict that Cardlytics, Inc. will post -1.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC bought a new position in Cardlytics in the 3rd quarter worth approximately $26,000. Sand Hill Global Advisors LLC purchased a new position in Cardlytics during the second quarter valued at $35,000. Virtu Financial LLC bought a new stake in Cardlytics in the 4th quarter valued at $39,000. Qube Research & Technologies Ltd purchased a new stake in Cardlytics in the 3rd quarter worth $55,000. Finally, Marshall Wace LLP bought a new position in shares of Cardlytics during the 2nd quarter valued at about $59,000. 68.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on CDLX shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cardlytics in a research report on Monday, December 29th. Bank of America reaffirmed an "underperform" rating on shares of Cardlytics in a research note on Thursday, March 5th. Finally, Evercore set a $1.00 target price on shares of Cardlytics in a report on Friday, March 6th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cardlytics currently has an average rating of "Reduce" and an average target price of $1.75.
Read Our Latest Report on Cardlytics
Cardlytics Company Profile
(
Get Free Report)
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.
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