Cardlytics, Inc. (NASDAQ:CDLX) CFO Sells $32,494.18 in Stock

Cardlytics, Inc. (NASDAQ:CDLX) CFO Alexis Desieno sold 8,854 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $3.67, for a total transaction of $32,494.18. Following the transaction, the chief financial officer now owns 121,976 shares of the company’s stock, valued at approximately $447,651.92. This trade represents a 6.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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

Cardlytics Price Performance

CDLX stock traded down $0.32 during trading on Monday, hitting $3.49. The company had a trading volume of 2,033,344 shares, compared to its average volume of 1,212,448. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.40. The company has a market cap of $177.37 million, a P/E ratio of -0.57 and a beta of 1.53. Cardlytics, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $20.52. The company has a fifty day moving average price of $3.93 and a two-hundred day moving average price of $4.85.

Cardlytics (NASDAQ:CDLX) last posted its quarterly earnings results 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 business had revenue of $67.06 million for 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 firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.26) earnings per share. Equities research analysts expect that Cardlytics, Inc. will post -1.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CDLX has been the topic of several research analyst reports. Craig Hallum upgraded shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Evercore ISI initiated coverage on Cardlytics in a research report on Friday, October 11th. They issued an “in-line” rating and a $4.00 target price on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cardlytics in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cardlytics has an average rating of “Hold” and an average target price of $6.92.

Institutional Investors Weigh In On Cardlytics

Large investors have recently modified their holdings of the business. Atom Investors LP acquired a new stake in Cardlytics in the 3rd quarter valued at $33,000. XTX Topco Ltd acquired a new position in shares of Cardlytics in the 2nd quarter valued at approximately $107,000. SG Americas Securities LLC acquired a new stake in Cardlytics in the third quarter valued at about $45,000. Intech Investment Management LLC bought a new stake in shares of Cardlytics during the third quarter worth $47,000. Finally, Quest Partners LLC increased its position in Cardlytics by 160.4% in the 2nd quarter. Quest Partners LLC now owns 17,956 shares of the company’s stock valued at $147,000 after acquiring an additional 11,061 shares during the period. 68.10% of the stock is currently 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.