Alexis Desieno Sells 24,778 Shares of Cardlytics, Inc. (NASDAQ:CDLX) Stock

Cardlytics, Inc. (NASDAQ:CDLX) CFO Alexis Desieno sold 24,778 shares of Cardlytics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $84,245.20. Following the transaction, the chief financial officer now directly owns 140,948 shares in the company, valued at approximately $479,223.20. This trade represents a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 3rd, Alexis Desieno sold 8,854 shares of Cardlytics stock. The shares were sold at an average price of $3.67, for a total transaction of $32,494.18.

Cardlytics Trading Down 7.4 %

NASDAQ CDLX opened at $3.12 on Thursday. The company’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $3.72. Cardlytics, Inc. has a 52 week low of $2.76 and a 52 week high of $20.52. 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 stock has a market cap of $158.56 million, a P/E ratio of -0.51 and a beta of 1.54.

Analyst Upgrades and Downgrades

CDLX has been the topic of a number of recent research reports. Craig Hallum raised shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cardlytics in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cardlytics has an average rating of “Hold” and an average price target of $6.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CDLX. Atom Investors LP acquired a new position in shares of Cardlytics during the third quarter worth $33,000. Tallon Kerry Patrick acquired a new stake in Cardlytics in the fourth quarter valued at $37,000. ProShare Advisors LLC acquired a new stake in Cardlytics in the fourth quarter valued at $43,000. SG Americas Securities LLC acquired a new stake in Cardlytics in the third quarter valued at $45,000. Finally, Intech Investment Management LLC acquired a new stake in Cardlytics in the third quarter valued at $47,000. 68.10% of the stock is owned by institutional investors and hedge funds.

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.