Brian Gleason Sells 2,486 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Brian Gleason sold 2,486 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $64,163.66. Following the sale, the insider now owns 154,964 shares in the company, valued at $3,999,620.84. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 28th, Brian Gleason sold 2,841 shares of Criteo stock. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49.

Criteo Stock Down 0.8%

Shares of NASDAQ CRTO traded down $0.21 during midday 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 company has a market capitalization of $1.46 billion, a PE ratio of 15.04 and a beta of 0.63. Criteo S.A. has a 1 year low of $24.91 and a 1 year high of $49.93. The stock has a 50 day simple moving average of $30.16 and a 200-day simple moving average of $36.44.

Criteo (NASDAQ:CRTO - Get Free Report) last issued 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 business had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same period in the previous year, the firm posted $0.80 EPS. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in shares of Criteo by 1,376.7% in the first 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 period. DnB Asset Management AS grew its stake in shares of Criteo by 1.9% in the 1st quarter. DnB Asset Management AS now owns 5,511,195 shares of the information services provider's stock valued at $195,372,000 after buying an additional 104,138 shares during the period. Alliancebernstein L.P. grew its stake in shares of Criteo by 14.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider's stock valued at $153,320,000 after buying an additional 532,879 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of Criteo by 17.5% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 68,165 shares of the information services provider's stock worth $2,414,000 after buying an additional 10,170 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Criteo by 245.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 100,404 shares of the information services provider's stock valued at $3,555,000 after buying an additional 71,327 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. Stifel Nicolaus cut their price target on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. 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. Finally, DA Davidson reduced their price objective on Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.70.

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.