Criteo S.A. $CRTO Holdings Increased by VELA Investment Management LLC

VELA Investment Management LLC grew its holdings in Criteo S.A. (NASDAQ:CRTO) by 22.2% in the third quarter, Holdings Channel reports. The firm owned 430,165 shares of the information services provider’s stock after buying an additional 78,225 shares during the quarter. Criteo accounts for about 2.4% of VELA Investment Management LLC’s portfolio, making the stock its 4th biggest position. VELA Investment Management LLC’s holdings in Criteo were worth $9,722,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Criteo by 457.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 215,309 shares of the information services provider’s stock valued at $4,866,000 after buying an additional 176,715 shares during the period. Seizert Capital Partners LLC lifted its stake in shares of Criteo by 48.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 183,724 shares of the information services provider’s stock worth $4,152,000 after purchasing an additional 60,067 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Criteo by 6.9% in the second quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider’s stock worth $156,766,000 after buying an additional 419,808 shares during the last quarter. SG Americas Securities LLC bought a new stake in Criteo during the second quarter valued at approximately $725,000. Finally, Black Creek Investment Management Inc. increased its holdings in Criteo by 60.5% during the second quarter. Black Creek Investment Management Inc. now owns 51,733 shares of the information services provider’s stock valued at $1,240,000 after buying an additional 19,500 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 3,982 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $19.51, for a total value of $77,688.82. Following the completion of the sale, the chief financial officer directly owned 353,227 shares of the company’s stock, valued at $6,891,458.77. This trade represents a 1.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Der Kooi Frederik Van bought 5,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $21.52 per share, with a total value of $107,600.00. Following the acquisition, the director owned 21,600 shares in the company, valued at approximately $464,832. This trade represents a 30.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 11,702 shares of company stock valued at $259,573 and have sold 10,598 shares valued at $211,697. 1.66% of the stock is currently owned by corporate insiders.

Criteo Price Performance

Shares of CRTO opened at $19.26 on Thursday. The stock has a market capitalization of $985.15 million, a price-to-earnings ratio of 6.46 and a beta of 0.51. The business’s 50 day simple moving average is $20.21 and its 200-day simple moving average is $21.81. Criteo S.A. has a 1 year low of $19.00 and a 1 year high of $47.26.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. BMO Capital Markets reiterated an “outperform” rating and set a $40.00 price objective on shares of Criteo in a research note on Thursday, October 30th. Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Benchmark dropped their price objective on Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Finally, Weiss Ratings downgraded Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.11.

About Criteo

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.