Criteo S.A. (NASDAQ:CRTO) shares hit a new 52-week low during trading on Tuesday following insider selling activity. The stock traded as low as $34.73 and last traded at $35.45, with a volume of 514800 shares changing hands. The stock had previously closed at $35.22.

Specifically, CFO Benoit Fouilland sold 6,250 shares of Criteo stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $46.02, for a total transaction of $287,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 46,467 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $47.91, for a total transaction of $2,226,233.97. The disclosure for this sale can be found here. Insiders have sold 203,825 shares of company stock valued at $9,308,603 over the last quarter. Company insiders own 5.60% of the company’s stock.

A number of brokerages recently weighed in on CRTO. Berenberg Bank restated a “buy” rating and issued a $63.00 price objective on shares of Criteo in a report on Friday, November 10th. Susquehanna Bancshares Inc decreased their price objective on shares of Criteo from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Citigroup Inc. decreased their price objective on shares of Criteo from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. BMO Capital Markets restated a “buy” rating on shares of Criteo in a report on Thursday, November 2nd. Finally, Cowen and Company lowered shares of Criteo from an “outperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Criteo currently has a consensus rating of “Hold” and a consensus target price of $54.32.

The company has a market capitalization of $2,144.99, a PE ratio of 23.33, a P/E/G ratio of 1.07 and a beta of 2.64.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of Criteo by 53.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock valued at $737,000 after acquiring an additional 5,233 shares during the period. Todd Asset Management LLC grew its position in shares of Criteo by 29.7% during the 2nd quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock valued at $8,038,000 after acquiring an additional 37,550 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in shares of Criteo by 24.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 308,873 shares of the information services provider’s stock valued at $15,150,000 after acquiring an additional 60,260 shares during the period. Geode Capital Management LLC grew its position in shares of Criteo by 17.9% during the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock valued at $1,612,000 after acquiring an additional 4,888 shares during the period. Finally, Letko Brosseau & Associates Inc. bought a new stake in shares of Criteo during the 2nd quarter valued at $17,235,000. 84.94% of the stock is owned by hedge funds and other institutional investors.

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About Criteo

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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