Criteo S.A. (NASDAQ:CRTO) Insider Ryan Damon Sells 2,793 Shares

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the sale, the insider now directly owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, November 25th, Ryan Damon sold 2,885 shares of Criteo stock. The stock was sold at an average price of $40.36, for a total transaction of $116,438.60.

Criteo Price Performance

Shares of Criteo stock opened at $42.57 on Monday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 28.96 and a beta of 1.05. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93. The firm’s 50-day moving average is $39.60 and its 200 day moving average is $41.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRTO. Assetmark Inc. raised its holdings in Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after acquiring an additional 424 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Criteo by 3.5% in the third 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after purchasing an additional 518 shares in the last quarter. Waterfront Wealth Inc. boosted its position in shares of Criteo by 1.2% during the second 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 during the last quarter. Finally, USA Financial Formulas bought a new stake in Criteo in the 3rd quarter worth about $31,000. Institutional investors own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRTO. DA Davidson reduced their target price on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, November 19th. Finally, 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 target for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

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.