Criteo S.A. (NASDAQ:CRTO) CFO Sells $63,621.65 in Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 2,465 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $63,621.65. Following the completion of the transaction, the chief financial officer now owns 362,710 shares in the company, valued at $9,361,545.10. This trade represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sarah Js Glickman also recently made the following trade(s):

• On Tuesday, May 27th, Sarah Js Glickman sold 1,520 shares of Criteo stock. The stock was sold at an average price of $26.12, for a total value of $39,702.40.

Criteo Stock Performance

CRTO stock traded down $0.04 on Wednesday, reaching $25.52. The company had a trading volume of 1,114,367 shares, compared to its average volume of 445,834. Criteo S.A. has a 1 year low of $25.18 and a 1 year high of $49.93. The company’s fifty day moving average is $30.86 and its 200 day moving average is $36.68. The company has a market cap of $1.48 billion, a P/E ratio of 15.19 and a beta of 0.63.

Criteo (NASDAQ:CRTO) last posted its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.33. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter in the prior year, the company earned $0.80 EPS. Criteo’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on CRTO shares. Wells Fargo & Company dropped their target price on Criteo from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Morgan Stanley dropped their target price on Criteo from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. BMO Capital Markets dropped their target price on Criteo from $60.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Benchmark reissued a “buy” rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. Finally, Citigroup reissued an “underperform” rating on shares of Criteo in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Criteo currently has an average rating of “Moderate Buy” and an average target price of $46.70.

Institutional Investors Weigh In On Criteo

A number of institutional investors and hedge funds have recently bought and sold shares of CRTO. Alliancebernstein L.P. lifted its stake in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock valued at $150,208,000 after buying an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock valued at $39,348,000 after acquiring an additional 992,180 shares during the last quarter. Senvest Management LLC raised its holdings in Criteo by 25.7% in the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after acquiring an additional 743,695 shares during the last quarter. Cadian Capital Management LP raised its holdings in Criteo by 38.2% in the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock valued at $102,236,000 after acquiring an additional 713,785 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Criteo by 4,200.9% in the 4th quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider’s stock valued at $22,493,000 after acquiring an additional 559,472 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

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.