Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) CEO Amit Gupta sold 69,833 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $1.19, for a total transaction of $83,101.27. Following the completion of the sale, the chief executive officer directly owned 987,387 shares in the company, valued at approximately $1,174,990.53. This trade represents a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Amit Gupta also recently made the following trade(s):
- On Thursday, April 2nd, Amit Gupta sold 54,225 shares of Cardlytics stock. The shares were sold at an average price of $1.04, for a total transaction of $56,394.00.
- 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 value of $61,923.51.
- On Wednesday, February 18th, Amit Gupta sold 45,159 shares of Cardlytics stock. The shares were sold at an average price of $0.93, for a total value of $41,997.87.
- On Tuesday, February 17th, Amit Gupta sold 52,049 shares of Cardlytics stock. The shares were sold at an average price of $0.90, for a total value of $46,844.10.
Cardlytics Price Performance
Cardlytics stock opened at $1.18 on Tuesday. Cardlytics, Inc. has a 1-year low of $0.66 and a 1-year high of $3.28. The stock has a market cap of $64.98 million, a PE ratio of -0.61 and a beta of 0.91. The stock's fifty day moving average is $0.90 and its two-hundred day moving average is $1.32.
Cardlytics (NASDAQ:CDLX - Get Free Report) last posted 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 net margin of 44.36% and a negative return on equity of 370.98%. The business had revenue of $56.10 million during the quarter, compared to analyst estimates of $54.46 million. On average, research analysts expect that Cardlytics, Inc. will post -1.52 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have weighed in on CDLX shares. Bank of America reissued an "underperform" rating on shares of Cardlytics in a report on Thursday, March 5th. Wall Street Zen raised shares of Cardlytics from a "sell" rating to a "hold" rating in a report on Saturday. Evercore set a $1.00 price objective on shares of Cardlytics in a report on Friday, March 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Cardlytics in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cardlytics presently has an average rating of "Reduce" and an average target price of $1.75.
Read Our Latest Research Report on CDLX
Institutional Trading of Cardlytics
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Cardlytics during the third quarter worth about $26,000. Sand Hill Global Advisors LLC acquired a new position in shares of Cardlytics in the 2nd quarter valued at $35,000. Virtu Financial LLC acquired a new position in shares of Cardlytics in the 4th quarter valued at $39,000. Qube Research & Technologies Ltd acquired a new position in shares of Cardlytics in the 3rd quarter valued at $55,000. Finally, Marshall Wace LLP acquired a new position in shares of Cardlytics in the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 68.10% of the company's stock.
About Cardlytics
(
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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