Criteo (NASDAQ:CRTO) Hits New 52-Week Low on Insider Selling

Criteo S.A. (NASDAQ:CRTO) reached a new 52-week low on Monday following insider selling activity. The company traded as low as $19.30 and last traded at $19.6490, with a volume of 66821 shares trading hands. The stock had previously closed at $19.91.

Specifically, insider Ryan Damon sold 3,394 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $19.51, for a total transaction of $66,216.94. Following the completion of the sale, the insider directly owned 117,508 shares of the company’s stock, valued at approximately $2,292,581.08. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 3,982 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $19.51, for a total value of $77,688.82. Following the sale, the chief financial officer directly owned 353,227 shares of the company’s stock, valued at approximately $6,891,458.77. This represents a 1.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Ratings Changes

CRTO has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. DA Davidson set a $38.00 price target on Criteo in a research report on Thursday, October 30th. Wells Fargo & Company reduced their price target on shares of Criteo from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 29th. Benchmark cut their price objective on Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Finally, Zacks Research raised Criteo from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.33.

Criteo Stock Performance

The stock has a fifty day simple moving average of $21.26 and a two-hundred day simple moving average of $23.37. The stock has a market cap of $1.04 billion, a PE ratio of 6.66 and a beta of 0.56.

Institutional Trading of Criteo

Several institutional investors have recently added to or reduced their stakes in CRTO. Invesco Ltd. grew its stake in Criteo by 14.1% during the 1st quarter. Invesco Ltd. now owns 15,219 shares of the information services provider’s stock worth $539,000 after buying an additional 1,875 shares during the last quarter. Black Creek Investment Management Inc. boosted its holdings in shares of Criteo by 60.5% during the second quarter. Black Creek Investment Management Inc. now owns 51,733 shares of the information services provider’s stock valued at $1,240,000 after acquiring an additional 19,500 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Criteo by 21.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 86,498 shares of the information services provider’s stock worth $3,063,000 after acquiring an additional 15,537 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Criteo by 245.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 100,404 shares of the information services provider’s stock valued at $3,555,000 after purchasing an additional 71,327 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Criteo during the 2nd quarter valued at about $725,000. Institutional investors own 94.27% of the company’s stock.

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.