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 business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, February 11th, Megan Clarken sold 7,481 shares of Criteo stock. The shares were 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 shares were sold at an average price of $40.36, for a total value of $374,702.24.

Criteo Stock Performance

Criteo stock opened at $43.72 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 26.02 and a beta of 1.05. The business’s fifty day moving average is $40.48 and its two-hundred day moving average is $41.57. Criteo S.A. has a 52 week low of $30.76 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, equities research analysts predict that Criteo S.A. will post 2.62 earnings per share for the current year.

Hedge Funds Weigh In On Criteo

Several large investors have recently made changes to their positions in CRTO. GAMMA Investing LLC lifted its stake in shares of Criteo by 117.8% during the third 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 period. Blue Trust Inc. lifted its stake in shares of Criteo by 99.5% during the third 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 period. Congress Asset Management Co. acquired a new position in shares of Criteo during the third quarter valued at $48,653,000. Farther Finance Advisors LLC acquired a new position in shares of Criteo during the third quarter valued at $50,000. Finally, VELA Investment Management LLC lifted its stake in shares of Criteo by 15.3% during the third 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 period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRTO. StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. DA Davidson boosted their price target on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley boosted their price target 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, Wells Fargo & Company boosted their price target on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.