Criteo S.A. (NASDAQ:CRTO) CEO Sells $374,702.24 in Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Criteo Stock Up 1.9 %

CRTO opened at $42.34 on Friday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 28.80 and a beta of 1.02. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93. The company has a 50-day simple moving average of $39.32 and a 200 day simple moving average of $40.86.

Institutional Trading of Criteo

A number of institutional investors and hedge funds have recently made changes to their positions in CRTO. Senvest Management LLC raised its position in Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after purchasing an additional 475,530 shares in the last quarter. Whale Rock Capital Management LLC increased its stake in shares of Criteo by 230.1% in the 3rd quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock valued at $101,399,000 after purchasing an additional 1,756,507 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Criteo during the 3rd quarter worth $48,653,000. BNP Paribas Financial Markets lifted its position in shares of Criteo by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock worth $17,602,000 after buying an additional 103,593 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Criteo by 1.9% in the second quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock valued at $14,353,000 after buying an additional 7,469 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CRTO shares. Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, November 19th. DA Davidson dropped their price target on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Macquarie lifted their price objective on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.