Cardlytics chief legal officer sells $458 in stock

ATLANTA—Lynton Nicholas Hollmeyer, the Chief Legal & Privacy Officer at Cardlytics, Inc. (NASDAQ:CDLX), recently reported the sale of 303 shares of common stock, amounting to $458. The transaction, completed on April 22, 2025, was executed at a weighted average price of $1.513 per share. The shares were sold to cover tax withholding obligations resulting from the vesting of restricted stock units (RSUs).

On April 20, 2025, Hollmeyer also acquired 682 shares of common stock through the vesting of RSUs. This transaction was not associated with any purchase or sale consideration, as each RSU represents a contingent right to receive one share of common stock.

Following these transactions, Hollmeyer retains direct ownership of 102,119 shares of Cardlytics common stock.

In other recent news, Cardlytics reported fourth-quarter revenue of $74 million, surpassing its forecast of $64.29 million, despite a 16% year-over-year decline. The company achieved a positive adjusted EBITDA of $2.5 million for the full year, reflecting effective cost management. Analysts from Evercore ISI, Craig-Hallum, and BofA Securities adjusted their price targets for Cardlytics shares, with Evercore ISI and Craig-Hallum setting a target of $3.00 and BofA Securities lowering it to $2.50. Evercore ISI maintained an "In Line" rating, while Craig-Hallum and BofA Securities kept their Hold and Underperform ratings, respectively.

Cardlytics experienced significant product improvements, addressing previous issues of over-delivery and under-delivery, which led to better performance in the fourth quarter. The company also secured new partnerships, including a substantial neobank partnership and expanded its services to all American Express (NYSE:AXP) customers. Despite these advancements, challenges remain, with ongoing macroeconomic uncertainties affecting advertiser spending. Cardlytics’ management provided guidance for Q1 2025 billings between $91.5 million and $94.5 million, suggesting a gradual recovery throughout the year.

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