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

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the completion of the transaction, the chief executive officer now directly owns 509,145 shares in the company, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Criteo Price Performance

Shares of CRTO stock opened at $41.57 on Wednesday. The company’s 50-day simple moving average is $39.34 and its two-hundred day simple moving average is $40.83. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The company has a market capitalization of $2.29 billion, a P/E ratio of 27.82 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CRTO shares. Macquarie raised their target price on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 1,787 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Criteo by 1.1% in 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 acquiring an additional 518 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Criteo in the third quarter worth about $6,676,000. MML Investors Services LLC bought a new position in Criteo during the 3rd quarter worth about $275,000. Finally, Jane Street Group LLC grew its holdings in Criteo by 1,349.3% during the 3rd quarter. Jane Street Group LLC now owns 101,277 shares of the information services provider’s stock worth $4,075,000 after acquiring an additional 94,289 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

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.