Insider Selling: Criteo S.A. (NASDAQ:CRTO) CEO Sells 13,823 Shares of Stock

Criteo S.A. (NASDAQ:CRTO - Get Free Report) CEO Megan Clarken sold 13,823 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value 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. The trade was a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 stock was sold at an average price of $40.36, for a total value of $374,702.24.

Criteo Price Performance

Shares of Criteo stock traded down $0.27 during trading on Monday, hitting $43.72. The stock had a trading volume of 341,922 shares, compared to its average volume of 473,409. The business has a fifty day moving average of $40.51 and a two-hundred day moving average of $41.51. Criteo S.A. has a fifty-two week low of $30.76 and a fifty-two week high of $49.93. The firm has a market cap of $2.41 billion, a P/E ratio of 26.02 and a beta of 1.05.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share 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%. As a group, research analysts forecast that Criteo S.A. will post 2.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley upped their target price on shares of Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. StockNews.com raised Criteo from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. DA Davidson increased their price objective on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their target price on Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.90.

Institutional Trading of Criteo

A number of large investors have recently added to or reduced their stakes in CRTO. Two Sigma Advisers LP increased its holdings in shares of Criteo by 102.7% in the fourth quarter. Two Sigma Advisers LP now owns 564,000 shares of the information services provider's stock valued at $22,312,000 after buying an additional 285,800 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Criteo by 17.3% in the 4th quarter. Two Sigma Investments LP now owns 360,616 shares of the information services provider's stock worth $14,266,000 after acquiring an additional 53,230 shares during the last quarter. State of Wyoming raised its position in shares of Criteo by 15.5% during the fourth quarter. State of Wyoming now owns 17,509 shares of the information services provider's stock worth $693,000 after purchasing an additional 2,351 shares during the period. Quantedge Capital Pte Ltd lifted its holdings in shares of Criteo by 16.9% during the fourth quarter. Quantedge Capital Pte Ltd now owns 273,700 shares of the information services provider's stock valued at $10,828,000 after purchasing an additional 39,600 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in shares of Criteo in the 4th quarter valued at $339,000. 94.27% of the stock is currently 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.