Cardlytics, Inc. (NASDAQ:CDLX – Get Free Report) CEO Amit Gupta sold 6,676 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $4.03, for a total value of $26,904.28. Following the completion of the sale, the chief executive officer directly owned 125,389 shares in the company, valued at $505,317.67. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Amit Gupta also recently made the following trade(s):
- 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.
- On Thursday, July 2nd, Amit Gupta sold 6,498 shares of Cardlytics stock. The stock was sold at an average price of $4.39, for a total value of $28,526.22.
Cardlytics Stock Performance
Shares of CDLX stock opened at $4.30 on Friday. The firm has a market cap of $24.98 million, a P/E ratio of -0.23 and a beta of 0.62. Cardlytics, Inc. has a fifty-two week low of $3.49 and a fifty-two week high of $32.80. The business’s 50 day moving average price is $4.33 and its 200-day moving average price is $6.91.
Institutional Trading of Cardlytics
Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in Cardlytics by 15.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 109,001 shares of the company’s stock valued at $125,000 after acquiring an additional 14,273 shares during the period. Voleon Capital Management LP bought a new stake in shares of Cardlytics during the 3rd quarter valued at about $127,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Cardlytics during the 3rd quarter valued at about $89,000. Centiva Capital LP purchased a new stake in shares of Cardlytics during the 3rd quarter valued at about $104,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Cardlytics in the 3rd quarter worth approximately $74,000. Institutional investors own 68.10% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on CDLX shares. Needham & Company LLC restated a “hold” rating on shares of Cardlytics in a report on Thursday, June 18th. Lake Street Capital set a $10.00 price objective on Cardlytics in a report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cardlytics in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Cardlytics from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. 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, the company currently has a consensus rating of “Sell” and a consensus target price of $10.00.
Read Our Latest Stock Report on Cardlytics
Cardlytics Company Profile
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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