Ryan Damon Sells 2,885 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 2,885 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following the sale, the insider now directly owns 118,334 shares in the company, valued at $4,775,960.24. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Criteo Stock Performance

Shares of Criteo stock opened at $42.34 on Friday. The stock’s fifty day moving average is $39.32 and its 200 day moving average is $40.86. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The stock has a market cap of $2.34 billion, a P/E ratio of 28.80 and a beta of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC purchased a new position in Criteo during the first quarter valued at approximately $231,000. Quadrature Capital Ltd purchased a new stake in Criteo in the 1st quarter worth $213,000. Cetera Advisors LLC bought a new stake in Criteo during the first quarter valued at about $424,000. GAMMA Investing LLC lifted its position in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Criteo by 64.0% in the second quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock worth $566,000 after acquiring an additional 5,854 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRTO. Wells Fargo & Company began coverage on shares of Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price on the stock. Macquarie lifted their target price on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their target price on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, DA Davidson dropped their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.