Blue Trust Inc. Sells 2,257 Shares of Criteo S.A. (NASDAQ:CRTO)

Blue Trust Inc. cut its position in Criteo S.A. (NASDAQ:CRTO) by 61.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432 shares of the information services provider’s stock after selling 2,257 shares during the quarter. Blue Trust Inc.’s holdings in Criteo were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CRTO. Farther Finance Advisors LLC bought a new stake in Criteo in the 3rd quarter worth approximately $50,000. Assetmark Inc. boosted its holdings in Criteo by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 424 shares during the period. Barclays PLC grew its position in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Criteo during the third quarter valued at approximately $250,000. Finally, MML Investors Services LLC purchased a new stake in shares of Criteo during the third quarter valued at approximately $275,000. 94.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. Susquehanna cut their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price target (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. BMO Capital Markets upped their target price on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Morgan Stanley raised their target price on Criteo from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and a consensus price target of $52.90.

Insider Activity

In related news, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the completion of the transaction, the insider now owns 115,646 shares in the company, valued at $4,919,580.84. The trade was a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Megan Clarken sold 7,481 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now directly owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,156 shares of company stock valued at $1,243,028. Company insiders own 1.71% of the company’s stock.

Criteo Stock Performance

Shares of Criteo stock opened at $40.04 on Wednesday. Criteo S.A. has a fifty-two week low of $32.00 and a fifty-two week high of $49.93. The company has a market cap of $2.31 billion, a P/E ratio of 23.83 and a beta of 1.05. The firm has a 50-day simple moving average of $40.53 and a two-hundred day simple moving average of $41.38.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities research analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

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.