Cardlytics, Inc. (NASDAQ: CDLX)

This investigation is for anyone who acquired securities in Cardlytics, Inc. (NASDAQ: CDLX) prior to August 7, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely inform investors that the Company was making changes to its computer systems that were making it difficult for the Company to deliver services for customers.

On August 7, 2024, Cardlytics released its second quarter 2024 financial results, missing consensus estimates due to “slower-than-anticipated billings growth coupled with higher consumer incentives.” Specifically, the Company stated that it had encountered “delivery issues” and “fast-paced changes to [its] technology platform” which led to “unpredictable delivery of the advertiser budgets.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Cardlytics, Inc. (NASDAQ: CDLX) prior to August 7, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.