Key Points
- Cardlytics CEO Amit Gupta sold shares twice in early July, including 6,498 shares on July 2 and 9,640 more on July 6, both at an average price of $4.39. The sales left him with 123,490 shares, trimming his position by about 5%.
- CDLX was trading near its 52-week low, opening at $4.42, compared with a 52-week range of $4.25 to $32.80. The stock also remains well below its 50-day and 200-day moving averages.
- Wall Street sentiment remains cautious, with analysts split between hold and sell ratings and a consensus rating of “Reduce.” The consensus price target is $10.00, though several recent reports have lowered or reiterated bearish views.
Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) CEO Amit Gupta sold 6,498 shares of the firm's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $4.39, for a total transaction of $28,526.22. Following the transaction, the chief executive officer directly owned 123,490 shares in the company, valued at $542,121.10. This trade represents a 5.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Amit Gupta also recently made the following trade(s):
- 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 transaction of $42,319.60.
Cardlytics Stock Performance
Shares of CDLX opened at $4.42 on Tuesday. The company has a 50 day moving average price of $6.26 and a 200-day moving average price of $8.70. Cardlytics, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $32.80. The stock has a market capitalization of $25.71 million, a PE ratio of -0.25 and a beta of 0.61.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CDLX. Wall Street Zen lowered Cardlytics from a "hold" rating to a "sell" rating in a report on Saturday, June 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Cardlytics in a report on Friday, April 10th. Lake Street Capital set a $10.00 price objective on Cardlytics in a research note on Friday, May 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Cardlytics in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cardlytics has a consensus rating of "Reduce" and a consensus target price of $10.00.
Check Out Our Latest Report on Cardlytics
Hedge Funds Weigh In On Cardlytics
A number of large investors have recently made changes to their positions in CDLX. Qube Research & Technologies Ltd purchased a new stake in shares of Cardlytics during the 3rd quarter valued at $55,000. Boothbay Fund Management LLC acquired a new position in Cardlytics during the 3rd quarter valued at about $74,000. Virtu Financial LLC acquired a new position in Cardlytics during the 4th quarter valued at about $39,000. Marshall Wace LLP purchased a new stake in Cardlytics in the second quarter valued at about $59,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Cardlytics in the third quarter worth about $89,000. 68.10% of the stock is owned by institutional investors and hedge funds.
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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