Megan Clarken Sells 13,823 Shares of Criteo S.A. (NASDAQ:CRTO) 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 transaction of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares in the company, valued at $21,267,255.24. This represents a 2.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $44.51, for a total transaction 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 transaction of $374,702.24.

Criteo Stock Down 0.6 %

CRTO stock opened at $43.72 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 26.02 and a beta of 1.05. Criteo S.A. has a 12 month low of $30.76 and a 12 month high of $49.93. The firm has a 50 day moving average of $40.48 and a two-hundred day moving average of $41.57.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CRTO shares. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.90.

Hedge Funds Weigh In On Criteo

Several large investors have recently made changes to their positions in the business. Waterfront Wealth Inc. increased its position in Criteo by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock worth $1,945,000 after buying an additional 335 shares during the period. Assetmark Inc. increased its position in Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after buying an additional 424 shares during the period. QRG Capital Management Inc. increased its position in Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after buying an additional 518 shares during the period. Geode Capital Management LLC increased its position in Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after buying an additional 518 shares during the period. Finally, GAMMA Investing LLC increased its position in Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares during the period. Institutional investors and hedge funds 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.