Insider Selling: Criteo S.A. (NASDAQ:CRTO) CEO Sells 9,284 Shares of Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 9,284 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares of the company’s stock, valued at $20,549,092.20. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Criteo Price Performance

NASDAQ:CRTO opened at $42.34 on Thursday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 28.28 and a beta of 1.02. The business has a 50 day simple moving average of $39.32 and a 200-day simple moving average of $40.85. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93.

Institutional Trading of Criteo

Several hedge funds and other institutional investors have recently bought and sold shares of CRTO. O Shaughnessy Asset Management LLC purchased a new position in Criteo during the first quarter worth $231,000. Quadrature Capital Ltd bought a new stake in shares of Criteo in the 1st quarter worth about $213,000. Cetera Advisors LLC purchased a new position in shares of Criteo during the 1st quarter worth about $424,000. GAMMA Investing LLC grew its holdings in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Criteo by 64.0% in the 2nd quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock worth $566,000 after purchasing an additional 5,854 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRTO. BMO Capital Markets upped their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Susquehanna dropped their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. DA Davidson dropped their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Wells Fargo & Company assumed coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

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.