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

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

Criteo Stock Up 1.9 %

Criteo stock opened at $42.34 on Thursday. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93. The company’s 50-day moving average price is $39.32 and its 200-day moving average price is $40.85. The company has a market cap of $2.34 billion, a PE ratio of 28.28 and a beta of 1.02.

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. GAMMA Investing LLC increased 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 purchasing an additional 297 shares during the last quarter. USA Financial Formulas purchased a new position in Criteo during the third quarter worth $31,000. Farther Finance Advisors LLC bought a new position in Criteo during the third quarter valued at $50,000. EverSource Wealth Advisors LLC raised its stake in shares of Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Criteo by 7,011.5% in the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,823 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRTO. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. Susquehanna cut their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company assumed coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price on the stock. DA Davidson cut their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price target on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average 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.