Criteo S.A. (NASDAQ:CRTO) Insider Brian Gleason Sells 2,926 Shares

Criteo S.A. (NASDAQ:CRTO) insider Brian Gleason sold 2,926 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $44.14, for a total value of $129,153.64. Following the sale, the insider now directly owns 149,311 shares of the company’s stock, valued at approximately $6,590,587.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brian Gleason also recently made the following trade(s):

• On Tuesday, October 29th, Brian Gleason sold 2,841 shares of Criteo stock. The shares were sold at an average price of $41.10, for a total value of $116,765.10.

Criteo Stock Performance

Criteo stock traded down $9.07 during midday trading on Wednesday, reaching $33.59. 2,089,597 shares of the company were exchanged, compared to its average volume of 359,643. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 35.04 and a beta of 0.99. The firm’s 50-day simple moving average is $42.91 and its 200-day simple moving average is $40.76. Criteo S.A. has a 1 year low of $22.10 and a 1 year high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. The firm had revenue of $471.31 million during the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, analysts forecast that Criteo S.A. will post 2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRTO shares. Susquehanna raised their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company started coverage on Criteo in a report on Monday. They issued an “overweight” rating and a $70.00 target price for the company. Finally, KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its position in Criteo by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after purchasing an additional 518 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Criteo by 518.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock worth $3,259,000 after purchasing an additional 67,913 shares in the last quarter. VELA Investment Management LLC grew its holdings in Criteo by 15.3% in the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider’s stock valued at $4,492,000 after buying an additional 14,779 shares during the period. Farther Finance Advisors LLC purchased a new stake in Criteo in the 3rd quarter valued at about $50,000. Finally, Congress Asset Management Co. purchased a new stake in Criteo in the 3rd quarter valued at about $48,653,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.