Insider Selling: Criteo S.A. (NASDAQ:CRTO) Insider Sells $804,056.32 in Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 21,661 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.12, for a total value of $804,056.32. Following the transaction, the insider now owns 154,569 shares in the company, valued at approximately $5,737,601.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, February 26th, Ryan Damon sold 7,959 shares of Criteo stock. The shares were sold at an average price of $32.69, for a total transaction of $260,179.71.

Criteo Stock Down 1.3 %

Criteo stock opened at $37.30 on Thursday. The stock has a market cap of $2.09 billion, a PE ratio of 38.45 and a beta of 0.95. Criteo S.A. has a 12-month low of $22.10 and a 12-month high of $39.54. The business’s 50-day moving average price is $35.05 and its two-hundred day moving average price is $29.33.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Criteo had a net margin of 2.96% and a return on equity of 12.33%. The business had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $300.35 million. As a group, analysts expect that Criteo S.A. will post 2.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Citigroup Inc. bought a new stake in Criteo during the 3rd quarter worth $33,000. Mather Group LLC. bought a new stake in shares of Criteo during the first quarter worth about $48,000. Barometer Capital Management Inc. acquired a new position in shares of Criteo in the fourth quarter valued at approximately $119,000. FNY Investment Advisers LLC raised its holdings in Criteo by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after buying an additional 4,500 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in Criteo during the 1st quarter worth approximately $227,000. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Susquehanna increased their price target on Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday. DA Davidson lifted their price objective on Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $28.00 to $41.00 in a research report on Thursday, February 8th. Finally, StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Criteo presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

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.