Insider Selling: Criteo S.A. (NASDAQ:CRTO) Insider Sells 2,842 Shares of Stock

Key Points

• Insider Brian Gleason sold 2,842 shares of Criteo S.A. for approximately $64,939.70, resulting in a 1.83% decrease in his ownership, retaining 152,122 shares valued at around $3,475,987.70.
• Criteo's stock has recently shown a 0.7% increase during trading, currently priced at $22.97, with a 52-week low of $22.43 and a high of $49.93.
• The company reported earnings of $1.10 per share, surpassing analysts' predictions of $0.77, and had a revenue of $451.43 million, reflecting a 3.9% year-over-year growth.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Brian Gleason sold 2,842 shares of Criteo stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $22.85, for a total value of $64,939.70. Following the completion of the transaction, the insider owned 152,122 shares of the company's stock, valued at $3,475,987.70. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, May 23rd, Brian Gleason sold 2,486 shares of Criteo stock. The stock was sold at an average price of $25.81, for a total value of $64,163.66.

Criteo Stock Performance

Shares of CRTO traded down $0.84 during mid-day trading on Friday, reaching $23.50. 683,103 shares of the company's stock traded hands, compared to its average volume of 470,459. The business's 50-day moving average price is $24.40 and its 200-day moving average price is $31.39. The stock has a market capitalization of $1.36 billion, a P/E ratio of 9.83 and a beta of 0.43. Criteo S.A. has a 12 month low of $22.43 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.22. The company had revenue of $292.00 million for the quarter, compared to analysts' expectations of $274.62 million. Criteo had a return on equity of 17.06% and a net margin of 7.10%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. Equities research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRTO. Vega Investment Solutions acquired a new position in shares of Criteo during the fourth quarter valued at approximately $41,000. Jones Financial Companies Lllp increased its stake in shares of Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after acquiring an additional 1,184 shares during the period. Blue Trust Inc. increased its stake in shares of Criteo by 81.2% during the second quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider's stock valued at $69,000 after acquiring an additional 1,290 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Criteo by 21.4% during the first quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock valued at $85,000 after acquiring an additional 426 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Analyst Ratings Changes

CRTO has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Criteo from $54.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, July 29th. DA Davidson cut their target price on shares of Criteo from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus cut their target price on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, BMO Capital Markets raised their target price on shares of Criteo from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Criteo currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.

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.