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Amit Gupta, Chief Executive Officer of Cardlytics, Inc. (NASDAQ:CDLX), recently sold shares worth $332,682, according to a recent SEC filing. The transactions took place on February 18 and 19, with shares sold at prices ranging between $3.179 and $3.398. The stock, currently trading at $3.12, has experienced significant volatility, having declined nearly 49% over the past year. According to InvestingPro analysis, the company currently shows a FAIR financial health rating.
The sales were conducted to cover tax withholding obligations from the vesting of restricted stock units (RSUs). Gupta’s transactions included the sale of 46,857 shares on February 18 and 54,565 shares on February 19. Following these transactions, Gupta retains ownership of 364,072 shares of Cardlytics common stock, representing a significant stake in the company, which currently has a market capitalization of approximately $160 million.
In addition to the sales, Gupta also acquired 250,000 shares through the exercise of RSUs on February 16, which did not involve any cash transaction. These RSUs are part of a larger award set to vest over a 24-month period, contingent on Gupta’s continued employment with the company. Investors tracking this development should note that Cardlytics is scheduled to report its next earnings on March 4. InvestingPro subscribers have access to 8 additional key insights about the company’s financial position and market performance.
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