Brian Gleason Sells 2,926 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) insider Brian Gleason sold 2,926 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $44.14, for a total value of $129,153.64. Following the completion of the transaction, the insider now directly owns 149,311 shares in the company, valued at $6,590,587.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brian Gleason also recently made the following trade(s):

• On Tuesday, October 29th, Brian Gleason sold 2,841 shares of Criteo stock. The stock was sold at an average price of $41.10, for a total value of $116,765.10.

Criteo Price Performance

Shares of CRTO traded down $9.07 during mid-day trading on Wednesday, reaching $33.59. 2,089,597 shares of the company’s stock were exchanged, compared to its average volume of 359,643. The stock has a market capitalization of $1.90 billion, a PE ratio of 35.04 and a beta of 0.99. The business’s fifty day simple moving average is $42.91 and its 200-day simple moving average is $40.76. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $49.93.

Criteo (NASDAQ:CRTO) last announced its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Equities research analysts predict that Criteo S.A. will post 2.8 earnings per share for the current year.

Hedge Funds Weigh In On Criteo

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the period. USA Financial Formulas acquired a new stake in shares of Criteo during the third quarter worth $31,000. Farther Finance Advisors LLC acquired a new stake in shares of Criteo during the third quarter worth $50,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRTO has been the topic of several research analyst reports. Susquehanna raised 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. Wells Fargo & Company assumed coverage on shares of Criteo in a report on Monday. They set an “overweight” rating and a $70.00 price objective on the stock. Macquarie upped their target price on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. KeyCorp lowered shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Finally, DA Davidson upgraded shares of Criteo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $43.00 to $58.00 in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.33.

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.