Criteo S.A. (NASDAQ:CRTO) CFO Sells $61,347.20 in Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 1,520 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $61,347.20. Following the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at $12,587,396.08. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Sarah Js Glickman also recently made the following trade(s):

• On Wednesday, October 23rd, Sarah Js Glickman sold 5,442 shares of Criteo stock. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20.

Criteo Stock Performance

Shares of CRTO stock traded up $1.55 during mid-day trading on Tuesday, hitting $41.57. 375,705 shares of the stock were exchanged, compared to its average volume of 377,014. The stock’s fifty day simple moving average is $39.34 and its two-hundred day simple moving average is $40.83. Criteo S.A. has a 12-month low of $23.87 and a 12-month high of $49.93. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 27.82 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRTO. Senvest Management LLC lifted its stake in Criteo by 19.6% in the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after buying an additional 475,530 shares during the last quarter. Whale Rock Capital Management LLC grew its position in shares of Criteo by 230.1% during the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after acquiring an additional 1,756,507 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Criteo in the 3rd quarter valued at $48,653,000. BNP Paribas Financial Markets raised its position in Criteo by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 437,419 shares of the information services provider’s stock valued at $17,602,000 after purchasing an additional 103,593 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Criteo by 1.9% during the 2nd quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock worth $14,353,000 after purchasing an additional 7,469 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRTO. BMO Capital Markets upped their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. DA Davidson cut their price target on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Benchmark reissued a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Finally, Susquehanna reduced their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Criteo 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.