Insider Selling: Criteo SA (CRTO) Insider Sells 60,000 Shares of Stock
Criteo SA (NASDAQ:CRTO) insider Jean-Baptiste Rudelle sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $35.84, for a total value of $2,150,400.00. Following the completion of the transaction, the insider now owns 2,806,831 shares in the company, valued at approximately $100,596,823.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Jean-Baptiste Rudelle also recently made the following trade(s):
- On Thursday, September 1st, Jean-Baptiste Rudelle sold 60,000 shares of Criteo SA stock. The stock was sold at an average price of $37.96, for a total value of $2,277,600.00.
- On Tuesday, August 2nd, Jean-Baptiste Rudelle sold 76,100 shares of Criteo SA stock. The stock was sold at an average price of $43.79, for a total value of $3,332,419.00.
Criteo SA (NASDAQ:CRTO) opened at 35.65 on Thursday. Criteo SA has a 12-month low of $24.23 and a 12-month high of $47.81. The company has a market cap of $2.20 billion, a PE ratio of 32.15 and a beta of 2.82. The stock has a 50 day moving average of $36.46 and a 200 day moving average of $41.12.
Criteo SA (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Criteo SA had a net margin of 4.72% and a return on equity of 15.20%. The company had revenue of $166 million for the quarter, compared to analysts’ expectations of $161.27 million. During the same quarter last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 35.4% on a year-over-year basis. Equities analysts expect that Criteo SA will post $1.79 earnings per share for the current year.
A number of large investors have recently modified their holdings of CRTO. BNP Paribas Arbitrage SA boosted its stake in shares of Criteo SA by 121.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,221 shares of the company’s stock valued at $254,000 after buying an additional 3,954 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Criteo SA during the second quarter valued at about $900,000. Royal Bank of Canada boosted its stake in shares of Criteo SA by 142.4% in the second quarter. Royal Bank of Canada now owns 8,454 shares of the company’s stock valued at $388,000 after buying an additional 4,966 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Criteo SA during the second quarter valued at about $12,170,000. Finally, Lebenthal Holdings LLC bought a new stake in shares of Criteo SA during the second quarter valued at about $2,707,000. Institutional investors own 69.29% of the company’s stock.
CRTO has been the topic of a number of research reports. Jefferies Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Criteo SA in a report on Monday, June 27th. Pacific Crest reaffirmed a “buy” rating and issued a $53.00 price target on shares of Criteo SA in a report on Monday, July 11th. Citigroup Inc. lowered their price target on shares of Criteo SA from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Criteo SA in a report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Criteo SA from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.50.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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