Criteo S.A. (NASDAQ:CRTO) CFO Sells $220,945.20 in Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Criteo Trading Up 0.8 %

Shares of CRTO stock traded up $0.31 during trading hours on Friday, hitting $41.31. The company’s stock had a trading volume of 152,863 shares, compared to its average volume of 350,769. The company has a 50 day moving average of $43.34 and a 200 day moving average of $40.54. The stock has a market cap of $2.34 billion, a PE ratio of 42.27 and a beta of 0.99. Criteo S.A. has a 12-month low of $22.10 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The business had revenue of $471.31 million for the quarter, compared to the consensus estimate of $263.64 million. During the same period in the prior year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts anticipate that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRTO. Morgan Stanley boosted their price objective on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Macquarie boosted 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. BMO Capital Markets boosted their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.11.

Hedge Funds Weigh In On Criteo

Several large investors have recently made changes to their positions in CRTO. Clearbridge Investments LLC acquired a new position in shares of Criteo in the 2nd quarter valued at $11,059,000. Cubist Systematic Strategies LLC lifted its stake in shares of Criteo by 93.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after purchasing an additional 51,870 shares during the period. Susquehanna Fundamental Investments LLC raised its position in Criteo by 523.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock worth $2,233,000 after acquiring an additional 49,699 shares during the period. BNP Paribas Financial Markets raised its position in Criteo by 23.3% during the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock worth $7,014,000 after acquiring an additional 37,844 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in Criteo by 3.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after acquiring an additional 37,364 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.