Ryan Damon Sells 3,222 Shares of Criteo (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 3,222 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $21.04, for a total value of $67,790.88. Following the transaction, the insider owned 114,286 shares in the company, valued at $2,404,577.44. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ryan Damon also recently made the following trade(s):

• On Monday, November 24th, Ryan Damon sold 3,394 shares of Criteo stock. The shares were sold at an average price of $19.51, for a total transaction of $66,216.94.

Criteo Stock Down 1.6%

Shares of NASDAQ CRTO opened at $19.50 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 6.54 and a beta of 0.52. The company’s fifty day simple moving average is $20.67 and its 200 day simple moving average is $22.52. Criteo S.A. has a 12-month low of $19.00 and a 12-month high of $47.26.

Institutional Investors Weigh In On Criteo

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Criteo during the 2nd quarter valued at $30,000. Jones Financial Companies Lllp raised its holdings in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares during the last quarter. Covestor Ltd lifted its position in shares of Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Criteo by 81.2% during the second quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock worth $69,000 after purchasing an additional 1,290 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CRTO shares. DA Davidson set a $38.00 price target on Criteo in a research note on Thursday, October 30th. Benchmark lowered their target price on Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 target price on shares of Criteo in a report on Thursday, October 30th. Zacks Research lowered shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings downgraded shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $38.33.

Criteo Company Profile

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.