Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken Sells 9,284 Shares

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Criteo Stock Up 3.9 %

Shares of Criteo stock traded up $1.55 on Tuesday, hitting $41.57. The company’s stock had a trading volume of 790,891 shares, compared to its average volume of 376,606. The company has a market capitalization of $2.29 billion, a P/E ratio of 27.82 and a beta of 1.02. Criteo S.A. has a 52-week low of $23.87 and a 52-week high of $49.93. The firm has a fifty day moving average price of $39.34 and a 200-day moving average price of $40.83.

Institutional Trading of Criteo

Several large investors have recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Criteo by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after purchasing an additional 518 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Criteo during the third quarter worth about $6,676,000. MML Investors Services LLC acquired a new position in shares of Criteo in the third quarter valued at approximately $275,000. Finally, Jane Street Group LLC lifted its stake in shares of Criteo by 1,349.3% during the third quarter. Jane Street Group LLC now owns 101,277 shares of the information services provider’s stock valued at $4,075,000 after buying an additional 94,289 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRTO. BMO Capital Markets raised their price objective on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company initiated coverage on shares of Criteo in a research report on Monday, October 28th. They set an “overweight” rating and a $70.00 price objective for the company. Susquehanna lowered their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.