Criteo S.A. (NASDAQ:CRTO) Insider Ryan Damon Sells 21,661 Shares

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 21,661 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.12, for a total value of $804,056.32. Following the completion of the transaction, the insider now directly owns 154,569 shares of the company’s stock, valued at $5,737,601.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ryan Damon also recently made the following trade(s):

• On Monday, February 26th, Ryan Damon sold 7,959 shares of Criteo stock. The shares were sold at an average price of $32.69, for a total value of $260,179.71.

Criteo Stock Performance

Shares of NASDAQ CRTO traded up $0.56 during trading on Tuesday, reaching $37.78. The stock had a trading volume of 257,863 shares, compared to its average volume of 259,868. The company has a market cap of $2.12 billion, a P/E ratio of 38.37 and a beta of 0.95. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $39.54. The business’s 50-day moving average price is $34.86 and its 200-day moving average price is $29.21.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. The company had revenue of $316.38 million during the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. Analysts forecast that Criteo S.A. will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRTO has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Criteo in a report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday. TheStreet raised Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. DA Davidson upped their price objective on shares of Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.89.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in the business. Cadian Capital Management LP boosted its position in Criteo by 70.4% in the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after buying an additional 1,751,511 shares during the period. Senvest Management LLC boosted its holdings in Criteo by 20.1% in the third quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock valued at $92,670,000 after purchasing an additional 531,546 shares during the period. Acadian Asset Management LLC grew its stake in Criteo by 4.6% during the 3rd quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock worth $62,853,000 after purchasing an additional 95,391 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Criteo by 22.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after purchasing an additional 187,288 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Criteo in the 3rd quarter valued at about $15,306,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.