Cubist Systematic Strategies LLC Invests $241,000 in Cardlytics, Inc. (NASDAQ:CDLX)

Cubist Systematic Strategies LLC acquired a new position in shares of Cardlytics, Inc. (NASDAQ:CDLX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 64,912 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds have also modified their holdings of CDLX. Mirabella Financial Services LLP purchased a new position in shares of Cardlytics during the 4th quarter worth approximately $4,285,000. Rangeley Capital LLC purchased a new position in shares of Cardlytics during the 4th quarter worth approximately $1,187,000. RBF Capital LLC increased its stake in shares of Cardlytics by 64.7% during the 4th quarter. RBF Capital LLC now owns 803,763 shares of the company’s stock worth $2,982,000 after purchasing an additional 315,635 shares in the last quarter. Natixis purchased a new position in shares of Cardlytics during the 4th quarter worth approximately $462,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Cardlytics during the 4th quarter worth approximately $416,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Alexis Desieno sold 24,778 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 140,948 shares of the company’s stock, valued at $479,223.20. The trade was a 14.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Gupta sold 46,857 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $159,313.80. Following the sale, the chief executive officer now directly owns 418,637 shares of the company’s stock, valued at $1,423,365.80. This represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,938 shares of company stock valued at $244,017 in the last ninety days. Company insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CDLX shares. Evercore ISI lowered their target price on shares of Cardlytics from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Thursday, March 13th. Lake Street Capital lowered their target price on shares of Cardlytics from $3.00 to $2.50 and set a “hold” rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cardlytics in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.20.

Cardlytics Stock Up 3.5%

Shares of NASDAQ CDLX opened at $2.06 on Friday. Cardlytics, Inc. has a 52-week low of $1.22 and a 52-week high of $9.85. The firm has a fifty day moving average of $1.81 and a 200-day moving average of $2.90. The stock has a market capitalization of $108.15 million, a PE ratio of -0.34 and a beta of 1.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.40.

Cardlytics Profile

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.