Criteo S.A. (CRTO) Insider Sells $499,680.44 in Stock
Criteo S.A. (NASDAQ:CRTO) insider Jean-Baptiste Rudelle sold 11,977 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $41.72, for a total value of $499,680.44. The sale was disclosed in a filing with the SEC, which is available through this link.
Jean-Baptiste Rudelle also recently made the following trade(s):
- On Thursday, August 24th, Jean-Baptiste Rudelle sold 103,533 shares of Criteo stock. The stock was sold at an average price of $47.90, for a total value of $4,959,230.70.
- On Monday, August 21st, Jean-Baptiste Rudelle sold 46,467 shares of Criteo stock. The stock was sold at an average price of $47.91, for a total value of $2,226,233.97.
Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The firm had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $212.55 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Criteo’s quarterly revenue was up 32.5% on a year-over-year basis.
CRTO has been the topic of several research reports. BMO Capital Markets restated a “buy” rating and set a $70.00 price objective on shares of Criteo in a report on Wednesday, September 13th. KeyCorp reiterated a “buy” rating and issued a $62.00 price target on shares of Criteo in a report on Friday, September 15th. Macquarie assumed coverage on Criteo in a report on Thursday, October 12th. They issued a “neutral” rating and a $51.00 price target on the stock. Zacks Investment Research downgraded Criteo from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, Cowen and Company reiterated a “buy” rating and issued a $60.00 price target on shares of Criteo in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.32.
A number of hedge funds have recently added to or reduced their stakes in CRTO. BT Investment Management Ltd acquired a new stake in Criteo during the second quarter valued at approximately $50,555,000. Epoch Investment Partners Inc. lifted its position in shares of Criteo by 81.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock valued at $95,027,000 after acquiring an additional 868,634 shares in the last quarter. Sarasin & Partners LLP purchased a new stake in shares of Criteo in the 2nd quarter valued at approximately $39,876,000. TD Asset Management Inc. lifted its position in shares of Criteo by 95.5% in the 2nd quarter. TD Asset Management Inc. now owns 1,153,744 shares of the information services provider’s stock valued at $56,591,000 after acquiring an additional 563,682 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in shares of Criteo by 4,897.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 529,740 shares of the information services provider’s stock valued at $10,800,000 after acquiring an additional 519,140 shares in the last quarter. 84.31% of the stock is owned by institutional investors and hedge funds.
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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