Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken Sells 7,481 Shares of Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 7,481 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the completion of the transaction, the chief executive officer now directly owns 502,052 shares in the company, valued at approximately $22,346,334.52. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Megan Clarken also recently made the following trade(s):

• On Thursday, February 13th, Megan Clarken sold 13,823 shares of Criteo stock. The stock was sold at an average price of $43.56, for a total value of $602,129.88.
• On Monday, November 25th, Megan Clarken sold 9,284 shares of Criteo stock. The shares were sold at an average price of $40.36, for a total value of $374,702.24.

Criteo Trading Down 0.1 %

Criteo stock opened at $43.99 on Friday. The firm has a market cap of $2.43 billion, a P/E ratio of 26.18 and a beta of 1.05. Criteo S.A. has a 1-year low of $30.76 and a 1-year high of $49.93. The firm has a 50-day moving average of $40.45 and a 200-day moving average of $41.57.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Research analysts forecast that Criteo S.A. will post 2.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price target (up from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. Morgan Stanley boosted their price target on shares of Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets raised their price objective on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after purchasing an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in Criteo in the third quarter worth about $1,405,000. Stifel Financial Corp boosted its position in Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after acquiring an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after acquiring an additional 80,424 shares during the period. Finally, Barclays PLC raised its position in shares of Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares in the last quarter. 94.27% of the stock is 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.