Insider Buying: Criteo S.A. (NASDAQ:CRTO) Major Shareholder Acquires 6,000 Shares of Stock

Criteo S.A. (NASDAQ:CRTOGet Free Report) major shareholder Till Hufnagel purchased 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $37.67 per share, for a total transaction of $226,020.00. Following the purchase, the insider now directly owns 1,777,425 shares in the company, valued at $66,955,599.75. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Till Hufnagel also recently made the following trade(s):

  • On Thursday, May 16th, Till Hufnagel sold 1,540 shares of Criteo stock. The shares were sold at an average price of $37.07, for a total value of $57,087.80.

Criteo Price Performance

Shares of CRTO stock traded up $0.12 during trading hours on Thursday, hitting $37.46. The stock had a trading volume of 226,789 shares, compared to its average volume of 265,579. The stock’s 50-day moving average price is $35.81 and its two-hundred day moving average price is $30.02. Criteo S.A. has a one year low of $22.10 and a one year high of $39.54. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 38.62 and a beta of 0.95.

Analysts Set New Price Targets

CRTO has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Criteo in a research note on Tuesday, April 30th. BMO Capital Markets increased their price target on Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. TheStreet raised Criteo from a “c” rating to a “b-” rating in a report on Friday, February 9th. KeyCorp increased their price target on Criteo from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company raised Criteo from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $28.00 to $41.00 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. Based on data from MarketBeat, Criteo presently has an average rating of “Moderate Buy” and an average target price of $37.89.

View Our Latest Analysis on CRTO

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CRTO. Quadrature Capital Ltd purchased a new stake in Criteo during the first quarter worth $213,000. Bessemer Group Inc. lifted its holdings in Criteo by 5.2% during the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after buying an additional 682 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Criteo during the first quarter worth $231,000. Covestor Ltd lifted its holdings in Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after buying an additional 718 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Criteo by 0.3% during the first quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider’s stock worth $76,972,000 after buying an additional 6,698 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About Criteo

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Criteo (NASDAQ:CRTO)

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