Insider Selling: Cardlytics, Inc. (NASDAQ:CDLX) CFO Sells 8,854 Shares of Stock

Cardlytics, Inc. (NASDAQ:CDLX) CFO Alexis Desieno sold 8,854 shares of Cardlytics stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $3.67, for a total transaction of $32,494.18. Following the completion of the sale, the chief financial officer now owns 121,976 shares in the company, valued at $447,651.92. This trade represents a 6.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alexis Desieno also recently made the following trade(s):

• On Friday, November 15th, Alexis Desieno sold 25,118 shares of Cardlytics stock. The shares were sold at an average price of $3.43, for a total transaction of $86,154.74.

Cardlytics Trading Down 2.6 %

Shares of NASDAQ:CDLX opened at $3.35 on Thursday. Cardlytics, Inc. has a 52-week low of $2.89 and a 52-week high of $20.52. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $170.25 million, a P/E ratio of -0.55 and a beta of 1.53. The company has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $4.77.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on CDLX shares. Craig Hallum upgraded shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Needham & Company LLC reissued a “hold” rating on shares of Cardlytics in a research report on Thursday, November 7th. Finally, Evercore ISI began coverage on Cardlytics in a research note on Friday, October 11th. They issued an “in-line” rating and a $4.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.92.

Hedge Funds Weigh In On Cardlytics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atom Investors LP bought a new position in shares of Cardlytics in the third quarter valued at about $33,000. XTX Topco Ltd acquired a new stake in Cardlytics during the second quarter worth approximately $107,000. SG Americas Securities LLC bought a new stake in shares of Cardlytics during the third quarter worth approximately $45,000. Intech Investment Management LLC acquired a new position in shares of Cardlytics in the third quarter valued at approximately $47,000. Finally, Quest Partners LLC increased its stake in shares of Cardlytics by 160.4% during the second quarter. Quest Partners LLC now owns 17,956 shares of the company’s stock worth $147,000 after purchasing an additional 11,061 shares during the period. 68.10% of the stock is owned by institutional investors.

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.