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

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 9,284 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. This 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 this hyperlink.

Criteo Price Performance

Shares of CRTO stock opened at $42.34 on Thursday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 28.28 and a beta of 1.02. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93. The firm has a fifty day moving average price of $39.32 and a 200-day moving average price of $40.85.

Institutional Trading of Criteo

Hedge funds have recently bought and sold shares of the stock. Alpha DNA Investment Management LLC purchased a new position in shares of Criteo during the 2nd quarter valued at about $473,000. Seizert Capital Partners LLC purchased a new position in Criteo during the third quarter valued at approximately $1,405,000. Inspire Investing LLC bought a new position in shares of Criteo in the second quarter worth approximately $819,000. SG Americas Securities LLC purchased a new stake in shares of Criteo in the second quarter worth $248,000. Finally, Congress Asset Management Co. bought a new stake in shares of Criteo during the 3rd quarter valued at $48,653,000. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRTO. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson decreased their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Susquehanna lowered their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Macquarie lifted their target price on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.