Insider Selling: 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 stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the sale, the insider now owns 118,334 shares of the company’s stock, valued at $4,775,960.24. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Criteo Price Performance

Shares of CRTO opened at $42.34 on Friday. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The company has a 50-day simple moving average of $39.32 and a two-hundred day simple moving average of $40.86. The firm has a market capitalization of $2.34 billion, a PE ratio of 28.80 and a beta of 1.02.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after purchasing an additional 1,787 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after acquiring an additional 518 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Criteo during the 3rd quarter valued at about $6,676,000. MML Investors Services LLC bought a new stake in Criteo during the third quarter worth about $275,000. Finally, Jane Street Group LLC grew its holdings in Criteo by 1,349.3% in the third quarter. Jane Street Group LLC now owns 101,277 shares of the information services provider’s stock worth $4,075,000 after purchasing an additional 94,289 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRTO shares. BMO Capital Markets increased their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. DA Davidson dropped their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Macquarie boosted their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Four equities research 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 stock currently has a consensus 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.