Criteo (NASDAQ:CRTO) CEO Michael Komasinski Sells 15,559 Shares

Criteo S.A. (NASDAQ:CRTO) CEO Michael Komasinski sold 15,559 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $268,081.57. Following the completion of the transaction, the chief executive officer owned 345,547 shares in the company, valued at approximately $5,953,774.81. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Stock Performance

Criteo stock traded up $0.78 during trading hours on Friday, hitting $18.36. The company had a trading volume of 422,078 shares, compared to its average volume of 459,103. The firm has a market cap of $922.41 million, a P/E ratio of 9.32 and a beta of 0.29. The company has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $18.76. Criteo S.A. has a 1 year low of $15.57 and a 1 year high of $25.29.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.09. The firm had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.30%. The company’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, equities research analysts anticipate that Criteo S.A. will post 3.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CRTO shares. Sanford C. Bernstein downgraded Criteo from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $35.00 to $20.50 in a research report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Friday, July 17th. Benchmark lowered their price target on shares of Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets set a $20.00 price objective on shares of Criteo in a report on Thursday. Finally, DA Davidson reissued a “buy” rating and issued a $24.00 price objective on shares of Criteo in a research note on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.15.

Hedge Funds Weigh In On Criteo

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Criteo by 21.6% during the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock valued at $97,357,000 after buying an additional 838,523 shares during the last quarter. Senvest Management LLC raised its stake in shares of Criteo by 4.5% during the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock worth $82,430,000 after acquiring an additional 200,000 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Criteo by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after acquiring an additional 82,134 shares in the last quarter. DNB Asset Management AS lifted its position in Criteo by 2.9% during the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after acquiring an additional 121,477 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Criteo by 4.6% during the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after acquiring an additional 77,145 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.