Megan Clarken Sells 51,449 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO – Get Rating) CEO Megan Clarken sold 51,449 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $30.89, for a total value of $1,589,259.61. Following the transaction, the chief executive officer now directly owns 488,044 shares in the company, valued at approximately $15,075,679.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Megan Clarken also recently made the following trade(s):

• On Monday, December 12th, Megan Clarken sold 3,645 shares of Criteo stock. The stock was sold at an average price of $26.34, for a total value of $96,009.30.

Criteo Stock Up 0.6 %

Shares of NASDAQ CRTO opened at $30.69 on Friday. Criteo S.A. has a 12 month low of $20.56 and a 12 month high of $36.76. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 32.65 and a beta of 0.93. The business has a fifty day simple moving average of $31.00 and a 200-day simple moving average of $28.03.

Criteo (NASDAQ:CRTO – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The information services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.16). The business had revenue of $283.40 million during the quarter, compared to analysts’ expectations of $276.74 million. Criteo had a return on equity of 9.25% and a net margin of 2.95%. As a group, sell-side analysts expect that Criteo S.A. will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Criteo by 9.4% during the 4th quarter. JPMorgan Chase & Co. now owns 5,911 shares of the information services provider’s stock valued at $154,000 after acquiring an additional 506 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Criteo by 106.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,371 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 706 shares during the last quarter. Standard Family Office LLC acquired a new position in Criteo during the 3rd quarter valued at $26,000. Wipfli Financial Advisors LLC acquired a new position in Criteo during the 3rd quarter valued at $26,000. Finally, River & Mercantile Asset Management LLP raised its stake in Criteo by 1.0% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 140,723 shares of the information services provider’s stock valued at $3,805,000 after purchasing an additional 1,420 shares during the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRTO has been the subject of several recent research reports. TheStreet upgraded Criteo from a “c+” rating to a “b-” rating in a report on Friday, February 17th. Benchmark increased their price target on shares of Criteo from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Susquehanna increased their price target on shares of Criteo from $27.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, February 9th. StockNews.com cut shares of Criteo from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Finally, Morgan Stanley increased their price target on shares of Criteo from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.63.

About Criteo

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Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. It operates through the following segments: Marketing Solutions and Retail Media. The Marketing Solutions segment allows commerce companies to address multiple marketing goals by engaging their consumers with personalized ads across the web, mobile and offline store environments.