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 dated 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 owns 488,229 shares in the company, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 Down 0.6 %

Criteo stock opened at $43.72 on Friday. The company has a market capitalization of $2.41 billion, a P/E ratio of 26.02 and a beta of 1.05. The stock’s 50 day moving average is $40.48 and its 200 day moving average is $41.55. Criteo S.A. has a twelve month low of $30.76 and a twelve month high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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, equities analysts expect that Criteo S.A. will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRTO. DA Davidson boosted their price target on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Susquehanna reduced their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Morgan Stanley upped their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets upped their target price on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Four investment 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. According to data from MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and a consensus price target of $52.90.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in Criteo in the 3rd quarter valued at approximately $50,000. GAMMA Investing LLC lifted 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 valued at $65,000 after acquiring an additional 869 shares in the last quarter. Blue Trust Inc. lifted its position in 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 in the last quarter. Wells Fargo & Company MN lifted its position in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Palumbo Wealth Management LLC bought a new position in Criteo in the 4th quarter valued at approximately $208,000. 94.27% of the stock is owned by institutional investors.

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.