Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta Sells 15,160 Shares

Cardlytics, Inc. (NASDAQ:CDLX) CEO Amit Gupta sold 15,160 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $3.92, for a total value of $59,427.20. Following the transaction, the chief executive officer now owns 215,494 shares of the company’s stock, valued at $844,736.48. This trade represents a 6.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 Trading Up 1.3 %

NASDAQ:CDLX opened at $3.88 on Friday. The firm has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $4.39. Cardlytics, Inc. has a one year low of $2.76 and a one year high of $20.52. The firm has a market cap of $197.18 million, a P/E ratio of -0.64 and a beta of 1.53. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.18 and a current ratio of 1.18.

Cardlytics (NASDAQ:CDLX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.18. The company had revenue of $67.06 million for the quarter, compared to analyst estimates of $57.77 million. Cardlytics had a negative net margin of 93.55% and a negative return on equity of 110.67%. Cardlytics’s revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) earnings per share. Equities analysts anticipate that Cardlytics, Inc. will post -1.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CDLX has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on Cardlytics in a research note on Friday, October 11th. They issued an “in-line” rating and a $4.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of Cardlytics in a research report on Friday, January 17th. Finally, Craig Hallum upgraded shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.92.

Hedge Funds Weigh In On Cardlytics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tallon Kerry Patrick purchased a new stake in shares of Cardlytics during the fourth quarter valued at about $37,000. Atom Investors LP bought a new position in shares of Cardlytics during the 3rd quarter worth approximately $33,000. XTX Topco Ltd purchased a new stake in Cardlytics during the second quarter valued at approximately $107,000. SG Americas Securities LLC acquired a new stake in Cardlytics in the third quarter valued at approximately $45,000. Finally, Intech Investment Management LLC purchased a new position in Cardlytics in the third quarter worth $47,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

About Cardlytics

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.