Cardlytics CEO Amit Gupta sells $46,749 in common stock

Amit Gupta, CEO of Cardlytics, sold $46,749 worth of the company's common stock over two days in early October. On October 1, Gupta sold 10,351 shares at an average price of $2.71, while on October 2, he sold an additional 7,382 shares at an average price of $2.533. The recent stock sales come as Cardlytics shares trade near their 52-week low of $2.47, with a 23% decline over the past week and 78% year-to-date.

The stock appears undervalued, as per InvestingPro analysis, which provides 13 additional tips for CDLX and a Pro Research Report covering the company’s financial health and growth prospects. Prior to these sales, Gupta acquired shares through the vesting of Restricted Stock Units (RSUs) on October 1. Post-transaction, he held 138,906 shares of Cardlytics common stock, along with 112,500 and 25,000 restricted stock units.