Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken Sells 9,284 Shares

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 9,284 shares of the business’s 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 sale, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Criteo Stock Performance

Shares of CRTO traded up $1.55 during midday trading on Tuesday, hitting $41.57. The company had a trading volume of 790,891 shares, compared to its average volume of 376,606. The company’s 50-day simple moving average is $39.34 and its 200-day simple moving average is $40.83. The firm has a market capitalization of $2.29 billion, a P/E ratio of 27.82 and a beta of 1.02. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93.

Institutional Investors Weigh In On Criteo

A number of large investors have recently modified their holdings of the company. Alpha DNA Investment Management LLC purchased a new position in shares of Criteo in the 2nd quarter valued at about $473,000. Seizert Capital Partners LLC purchased a new stake in Criteo in the third quarter valued at $1,405,000. Inspire Investing LLC acquired a new position in Criteo in the second quarter valued at $819,000. SG Americas Securities LLC purchased a new position in shares of Criteo during the second quarter worth about $248,000. Finally, Congress Asset Management Co. acquired a new stake in shares of Criteo during the third quarter worth about $48,653,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CRTO shares. KeyCorp lowered shares of Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company began coverage on shares of Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and an average 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.