Criteo S.A. (NASDAQ:CRTO) Insider Brian Gleason Sells 2,926 Shares

Criteo S.A. (NASDAQ:CRTO) insider Brian Gleason sold 2,926 shares of Criteo stock in a transaction on Monday, July 29th. The shares were sold at an average price of $44.14, for a total value of $129,153.64. Following the completion of the transaction, the insider now owns 149,311 shares in the company, valued at approximately $6,590,587.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brian Gleason also recently made the following trade(s):

• On Tuesday, October 29th, Brian Gleason sold 2,841 shares of Criteo stock. The shares were sold at an average price of $41.10, for a total value of $116,765.10.

Criteo Stock Performance

Criteo stock opened at $33.59 on Thursday. The firm has a 50 day moving average price of $42.91 and a two-hundred day moving average price of $40.76. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 34.63 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last announced its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. The business had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. Criteo’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, equities research analysts predict that Criteo S.A. will post 2.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Criteo by 67.3% during the 2nd 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 during the period. QRG Capital Management Inc. boosted its position in shares of Criteo by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after purchasing an additional 518 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Criteo by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after buying an additional 682 shares during the period. Waterfront Wealth Inc. increased its position in Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after buying an additional 686 shares in the last quarter. Finally, Covestor Ltd increased its position in Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of research analyst reports. Wells Fargo & Company started coverage on shares of Criteo in a research report on Monday. They set an “overweight” rating and a $70.00 price objective for the company. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Macquarie raised their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Susquehanna boosted their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised their price target on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

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.