Insider Selling: Criteo S.A. (NASDAQ:CRTO) CFO Sells $220,945.20 in Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Criteo Stock Performance

Shares of CRTO opened at $41.31 on Monday. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93. The stock’s 50-day simple moving average is $43.20 and its 200 day simple moving average is $40.66. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 42.59 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. The firm had revenue of $471.31 million for the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, research analysts forecast that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRTO has been the topic of a number of recent analyst reports. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. 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. Susquehanna increased their target price on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley upped their price objective on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Criteo presently has an average rating of “Moderate Buy” and a consensus target price of $50.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRTO. GAMMA Investing LLC boosted its stake in Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after buying an additional 297 shares during the period. USA Financial Formulas purchased a new stake in shares of Criteo in the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the last quarter. Covestor Ltd grew its holdings in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after purchasing an additional 1,823 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.