Ryan Damon Sells 21,661 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 21,661 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.12, for a total transaction of $804,056.32. Following the completion of the transaction, the insider now owns 154,569 shares in the company, valued at approximately $5,737,601.28. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ryan Damon also recently made the following trade(s):

• On Monday, February 26th, Ryan Damon sold 7,959 shares of Criteo stock. The stock was sold at an average price of $32.69, for a total value of $260,179.71.

Criteo Stock Performance

Criteo stock opened at $37.30 on Thursday. Criteo S.A. has a 1 year low of $22.10 and a 1 year high of $39.54. The firm’s 50-day moving average is $35.05 and its 200-day moving average is $29.33. The company has a market cap of $2.09 billion, a P/E ratio of 38.45 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. The firm had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. Criteo had a net margin of 2.96% and a return on equity of 12.33%. As a group, sell-side analysts predict that Criteo S.A. will post 2.3 earnings per share for the current year.

Institutional Trading of Criteo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cadian Capital Management LP grew its stake in Criteo by 70.4% during the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after buying an additional 1,751,511 shares during the last quarter. Senvest Management LLC increased its holdings in shares of Criteo by 20.1% in the 3rd quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock worth $92,670,000 after acquiring an additional 531,546 shares during the period. Acadian Asset Management LLC lifted its position in Criteo by 4.6% in the 3rd quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock valued at $62,853,000 after purchasing an additional 95,391 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Criteo by 22.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock valued at $29,847,000 after purchasing an additional 187,288 shares during the period. Finally, Victory Capital Management Inc. bought a new position in Criteo in the 3rd quarter worth about $15,306,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of analyst reports. Wells Fargo & Company raised Criteo from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $28.00 to $41.00 in a report on Thursday, February 8th. DA Davidson lifted their price target on shares of Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Susquehanna upped their price target on shares of Criteo from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

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.