Criteo S.A. (NASDAQ:CRTO) Insider Sells $116,438.60 in Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 2,885 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Criteo Trading Up 3.9 %

Shares of Criteo stock traded up $1.55 during trading on Tuesday, hitting $41.57. The stock had a trading volume of 375,705 shares, compared to its average volume of 377,014. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 27.82 and a beta of 1.02. Criteo S.A. has a 12 month low of $23.87 and a 12 month high of $49.93. The business’s 50-day moving average is $39.34 and its 200 day moving average is $40.83.

Hedge Funds Weigh In On Criteo

Institutional investors have recently added to or reduced their stakes in the business. Senvest Management LLC increased its holdings in shares of Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock worth $116,526,000 after buying an additional 475,530 shares during the last quarter. Whale Rock Capital Management LLC grew its position in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after acquiring an additional 1,756,507 shares in the last quarter. Congress Asset Management Co. bought a new position in Criteo in the third quarter valued at $48,653,000. BNP Paribas Financial Markets raised its position in Criteo by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after purchasing an additional 103,593 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Criteo by 1.9% during the second quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock worth $14,353,000 after purchasing an additional 7,469 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Macquarie raised their price target on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets increased their target price 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. Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. 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 report on Friday, August 2nd. Finally, DA Davidson decreased their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.