Criteo (NASDAQ:CRTO) CFO Sells $42,052.90 in Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the completion of the sale, the chief financial officer directly owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Price Performance

NASDAQ:CRTO opened at $18.25 on Friday. The firm’s 50-day moving average price is $17.92 and its 200-day moving average price is $18.99. The company has a market capitalization of $909.95 million, a PE ratio of 8.53 and a beta of 0.34. Criteo S.A. has a 1-year low of $15.57 and a 1-year high of $27.32.

Criteo (NASDAQ:CRTO) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. The firm had revenue of $424.64 million for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. Equities analysts anticipate that Criteo S.A. will post 3.12 EPS for the current fiscal year.

Analysts Set New Price Targets

CRTO has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Stifel Nicolaus reduced their target price on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Susquehanna set a $18.00 target price on shares of Criteo in a research report on Thursday, February 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 price target on shares of Criteo in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.94.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after acquiring an additional 77,145 shares during the last quarter. Amundi raised its holdings in Criteo by 24.2% in the 1st quarter. Amundi now owns 69,835 shares of the information services provider’s stock worth $1,252,000 after acquiring an additional 13,623 shares during the last quarter. Senvest Management LLC raised its holdings in Criteo by 4.5% in 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 during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Criteo by 10.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock worth $17,484,000 after acquiring an additional 94,389 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Criteo by 47.2% during the 1st quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock valued at $4,411,000 after acquiring an additional 78,834 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Company Profile

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.