Kirk Somers Sells 2,591 Shares of Cardlytics Inc (CDLX) Stock

Cardlytics Inc (NASDAQ:CDLX) insider Kirk Somers sold 2,591 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $15.67, for a total transaction of $40,600.97. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of CDLX stock traded up $0.13 during mid-day trading on Thursday, hitting $16.13. The stock had a trading volume of 124,100 shares, compared to its average volume of 203,231. Cardlytics Inc has a fifty-two week low of $9.80 and a fifty-two week high of $28.29. The stock has a market capitalization of $330.09 million and a PE ratio of -7.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.40 and a current ratio of 2.40.

Cardlytics (NASDAQ:CDLX) last released its earnings results on Tuesday, March 5th. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.37. Cardlytics had a negative net margin of 35.20% and a negative return on equity of 92.07%. Equities analysts forecast that Cardlytics Inc will post -1.88 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Cardlytics by 0.4% in the 4th quarter. BlackRock Inc. now owns 422,718 shares of the company’s stock worth $4,578,000 after acquiring an additional 1,610 shares during the period. Bank of America Corp DE lifted its stake in shares of Cardlytics by 0.9% in the 4th quarter. Bank of America Corp DE now owns 270,025 shares of the company’s stock worth $2,924,000 after acquiring an additional 2,471 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Cardlytics by 72.4% in the 3rd quarter. Wells Fargo & Company MN now owns 8,004 shares of the company’s stock worth $201,000 after acquiring an additional 3,361 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Cardlytics by 22.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,029 shares of the company’s stock worth $477,000 after acquiring an additional 3,476 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Cardlytics by 80.0% in the 4th quarter. New York State Common Retirement Fund now owns 9,000 shares of the company’s stock worth $97,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 80.89% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cardlytics from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks reiterated a “buy” rating and set a $25.00 price target on shares of Cardlytics in a research note on Wednesday, March 6th. Finally, Bank of America upgraded shares of Cardlytics from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.86.

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Cardlytics Company Profile

Cardlytics, Inc operates a purchase intelligence platform in the United States and the United Kingdom. It operates in two segments, Cardlytics Direct and Other Platform Solutions. The company's platform is the Cardlytics Direct solution, a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels.

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Insider Buying and Selling by Quarter for Cardlytics (NASDAQ:CDLX)

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