Criteo S.A. (NASDAQ:CRTO) CEO Sells $602,129.88 in Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 13,823 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Megan Clarken also recently made the following trade(s):

• On Tuesday, February 11th, Megan Clarken sold 7,481 shares of Criteo stock. The stock was sold at an average price of $44.51, for a total value of $332,979.31.
• On Monday, November 25th, Megan Clarken sold 9,284 shares of Criteo stock. The stock was sold at an average price of $40.36, for a total value of $374,702.24.

Criteo Stock Down 0.6 %

Shares of CRTO stock opened at $43.72 on Friday. The business has a 50-day moving average price of $40.48 and a two-hundred day moving average price of $41.55. Criteo S.A. has a 12-month low of $30.76 and a 12-month high of $49.93. The firm has a market cap of $2.41 billion, a P/E ratio of 26.02 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. As a group, research analysts expect that Criteo S.A. will post 2.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 869 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Criteo by 99.5% in the 3rd quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 1,840 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of Criteo in the 3rd quarter valued at about $48,653,000. Farther Finance Advisors LLC bought a new stake in shares of Criteo in the 3rd quarter valued at about $50,000. Finally, VELA Investment Management LLC lifted its stake in shares of 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 acquiring an additional 14,779 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CRTO. BMO Capital Markets raised their price target on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. Morgan Stanley lifted their price objective on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, DA Davidson lifted their price objective on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and a consensus price target of $52.90.

About Criteo

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.