Criteo S.A. (CRTO) Hits New 1-Year Low After Insider Selling

Criteo S.A. (NASDAQ:CRTO) hit a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $34.73 and last traded at $35.45, with a volume of 514800 shares traded. The stock had previously closed at $35.22.

Specifically, CFO Benoit Fouilland sold 6,250 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $46.02, for a total value of $287,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Warner sold 1,250 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $42.21, for a total value of $52,762.50. The disclosure for this sale can be found here. In the last three months, insiders sold 203,825 shares of company stock valued at $9,308,603. Insiders own 5.60% of the company’s stock.

CRTO has been the subject of several recent research reports. BMO Capital Markets reissued a “buy” rating and issued a $70.00 price target on shares of Criteo in a research note on Wednesday, September 13th. Zacks Investment Research cut Criteo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. KeyCorp reissued a “buy” rating and issued a $62.00 price target on shares of Criteo in a research note on Friday, September 15th. Macquarie initiated coverage on Criteo in a research note on Thursday, October 12th. They issued a “neutral” rating and a $51.00 price target for the company. Finally, Deutsche Bank AG decreased their price target on Criteo to $58.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.32.

The company has a market cap of $2,159.00, a P/E ratio of 23.48, a P/E/G ratio of 1.07 and a beta of 2.64.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA bought a new position in Criteo in the third quarter worth approximately $129,000. Perigon Wealth Management LLC bought a new position in Criteo in the second quarter worth approximately $137,000. Pictet & Cie Europe SA boosted its holdings in Criteo by 23.5% in the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock worth $268,000 after acquiring an additional 1,040 shares in the last quarter. Janney Capital Management LLC boosted its holdings in Criteo by 39.4% in the second quarter. Janney Capital Management LLC now owns 6,046 shares of the information services provider’s stock worth $296,000 after acquiring an additional 1,709 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its holdings in Criteo by 51.0% in the third quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock worth $307,000 after acquiring an additional 2,500 shares in the last quarter. 84.94% of the stock is owned by institutional investors and hedge funds.

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Criteo Company Profile

Criteo SA is a France-based company specializing in digital performance marketing. Its 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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