Insider Selling: Criteo S.A. (NASDAQ:CRTO) CEO Sells $332,979.31 in Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now directly owns 502,052 shares of the company’s stock, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, February 13th, Megan Clarken sold 13,823 shares of Criteo stock. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88.
• 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 Price Performance

NASDAQ CRTO opened at $43.72 on Friday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 26.02 and a beta of 1.05. Criteo S.A. has a one year low of $30.76 and a one year high of $49.93. The business’s fifty day moving average is $40.48 and its 200-day moving average is $41.55.

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

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. Whale Rock Capital Management LLC raised its stake in 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 acquiring an additional 1,756,507 shares during the period. Congress Asset Management Co. bought a new stake in Criteo in the 3rd quarter valued at about $48,653,000. Alliancebernstein L.P. raised its stake in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock valued at $150,208,000 after acquiring an additional 1,052,126 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock valued at $39,348,000 after acquiring an additional 992,180 shares during the period. Finally, Senvest Management LLC raised its stake in Criteo by 25.7% in the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after acquiring an additional 743,695 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRTO has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Morgan Stanley lifted their price objective on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. DA Davidson lifted their price objective on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $61.00 price objective (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. Finally, Susquehanna cut their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.90.

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.