Insider Selling: Criteo S.A. (NASDAQ:CRTO) CFO Sells 1,520 Shares of Stock

Criteo S.A. (NASDAQ:CRTO - Get Free Report) CFO Sarah Js Glickman sold 1,520 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total value of $39,702.40. Following the completion of the sale, the chief financial officer now directly owns 361,190 shares of the company's stock, valued at approximately $9,434,282.80. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, May 23rd, Sarah Js Glickman sold 2,465 shares of Criteo stock. The shares were sold at an average price of $25.81, for a total value of $63,621.65.

Criteo Trading Down 0.8%

CRTO stock traded down $0.21 during mid-day trading on Friday, hitting $25.27. The stock had a trading volume of 474,892 shares, compared to its average volume of 446,996. The firm has a fifty day simple moving average of $30.16 and a 200 day simple moving average of $36.44. The firm has a market capitalization of $1.46 billion, a P/E ratio of 15.04 and a beta of 0.63. Criteo S.A. has a 52 week low of $24.91 and a 52 week high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.33. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. During the same period in the prior year, the company earned $0.80 earnings per share. The company's quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on CRTO shares. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Morgan Stanley lowered their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus reduced their price objective on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, DA Davidson lowered their target price on Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Criteo currently has a consensus rating of "Moderate Buy" and an average target price of $46.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vega Investment Solutions bought a new stake in shares of Criteo during the 4th quarter valued at approximately $41,000. Jones Financial Companies Lllp lifted its stake in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after purchasing an additional 1,184 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Criteo by 21.4% in 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 buying an additional 426 shares in the last quarter. Wells Fargo & Company MN grew 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 worth $166,000 after buying an additional 1,455 shares during the last quarter. Finally, Palumbo Wealth Management LLC acquired a new position in shares of Criteo during the fourth quarter worth $208,000. Institutional investors and hedge funds 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.