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Insider Trends: Insider Prolongs Selling Trend at Cardlytics

05/11/2021 12:28

04:18 PM EDT, 05/11/2021 (MT Newswires) -- Scott D Grimes, Director, sold 5,297 shares of Cardlytics (CDLX) on May 07, 2021, for $540,971. Subsequent to the Form 4 filing with the SEC, Grimes has control over a total of 327,642 shares of the company, with 244,530 shares held directly and 83,112 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $30.9 million.

Over the last 90 days, previous to the date of this filing, there have been 26 insider transactions reported to the SEC for Cardlytics. These transactions came from the activities of 4 individual insiders that resulted in a net disposition of 1,529 company shares. Relative to the preceding 90-day window of time, there were 32 transactions from 6 insiders which resulted in the net disposition of 34,196 shares.

This level of insider transactions is below that of the peer group average in the 4-company Marketing Consulting Services peer group over the last 90-day period. Peer group activity averaged 117.0 transactions per company, and disposition of 428,915 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1666071/000166607121000086/xslF345X03/wf-form4_162076412766456.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.