Megan Clarken Sells 7,481 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) CEO Megan Clarken sold 7,481 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now directly owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 13th, Megan Clarken sold 13,823 shares of Criteo stock. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88.
• On Monday, November 25th, Megan Clarken sold 9,284 shares of Criteo stock. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24.

Criteo Stock Performance

NASDAQ:CRTO opened at $43.72 on Friday. The company has a fifty day moving average of $40.48 and a two-hundred day moving average of $41.57. The stock has a market capitalization of $2.52 billion, a PE ratio of 26.02 and a beta of 1.05. Criteo S.A. has a fifty-two week low of $30.76 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Research analysts forecast that Criteo S.A. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRTO shares. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a report on Thursday, February 6th. DA Davidson boosted their target price on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Criteo from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Finally, Susquehanna decreased their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.90.

Hedge Funds Weigh In On Criteo

A number of large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after buying an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Criteo in the third quarter valued at about $1,405,000. Stifel Financial Corp raised its position in shares of Criteo by 263.5% in the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after buying an additional 15,067 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after buying an additional 80,424 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after buying an additional 1,787 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.