Crossmark Global Holdings Inc. Makes New $441,000 Investment in Criteo S.A. (NASDAQ:CRTO)

Crossmark Global Holdings Inc. bought a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 10,957 shares of the information services provider’s stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sei Investments Co. lifted its holdings in Criteo by 0.8% during the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock worth $3,549,000 after acquiring an additional 768 shares during the period. Covestor Ltd raised its stake in shares of Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of Criteo in the 1st quarter worth about $231,000. Bessemer Group Inc. grew its position in Criteo by 5.2% during the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after buying an additional 682 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Criteo during the first quarter worth about $213,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Stock Down 2.6 %

CRTO stock opened at $36.93 on Friday. The stock has a 50-day simple moving average of $39.93 and a two-hundred day simple moving average of $40.74. Criteo S.A. has a twelve month low of $23.59 and a twelve month high of $49.93. The firm has a market capitalization of $2.04 billion, a PE ratio of 25.12 and a beta of 1.02.

Insider Activity

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now owns 313,398 shares of the company’s stock, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Analyst Ratings Changes

CRTO has been the subject of a number of research reports. KeyCorp downgraded shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price objective on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 price target for the company. Finally, Macquarie upped their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.22.

Criteo 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.