Insider Selling: Criteo S.A. (NASDAQ:CRTO) CEO Sells 3,894 Shares of Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $151,827.06. Following the transaction, the chief executive officer now owns 533,202 shares in the company, valued at approximately $20,789,545.98. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, March 13th, Megan Clarken sold 5,485 shares of Criteo stock. The shares were sold at an average price of $35.00, for a total transaction of $191,975.00.
• On Monday, February 26th, Megan Clarken sold 36,675 shares of Criteo stock. The shares were sold at an average price of $32.69, for a total transaction of $1,198,905.75.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $39.00 on Monday. The company’s fifty day moving average price is $35.93 and its 200 day moving average price is $30.23. Criteo S.A. has a 1 year low of $22.10 and a 1 year high of $39.54. The company has a market capitalization of $2.21 billion, a PE ratio of 40.21 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The company had revenue of $253.89 million during the quarter, compared to analysts’ expectations of $246.10 million. Criteo had a net margin of 2.96% and a return on equity of 12.33%. On average, equities analysts expect that Criteo S.A. will post 2.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CRTO shares. Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a report on Friday, February 9th. DA Davidson upped their price objective on shares of Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Susquehanna upped their price objective on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Finally, BMO Capital Markets raised shares of Criteo from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $31.00 to $45.00 in a report on Friday. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.44.

Hedge Funds Weigh In On Criteo

Large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in Criteo by 17.8% during the third quarter. Federated Hermes Inc. now owns 120,061 shares of the information services provider’s stock worth $3,506,000 after acquiring an additional 18,128 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Criteo in the fourth quarter valued at about $660,000. Citigroup Inc. acquired a new stake in shares of Criteo in the third quarter valued at about $33,000. Acadian Asset Management LLC raised its position in shares of Criteo by 4.6% in the third quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock valued at $62,853,000 after buying an additional 95,391 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Criteo in the third quarter valued at about $15,306,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.