Criteo S.A. $CRTO Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC trimmed its holdings in Criteo S.A. (NASDAQ:CRTO) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 777,671 shares of the information services provider’s stock after selling 44,799 shares during the quarter. Criteo accounts for approximately 3.0% of VELA Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. VELA Investment Management LLC’s holdings in Criteo were worth $14,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC lifted its holdings in shares of Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after buying an additional 817 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Criteo by 185.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after acquiring an additional 940 shares during the period. Raymond James Financial Inc. acquired a new stake in Criteo during the second quarter worth about $30,000. Jones Financial Companies Lllp raised its position in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 1,222 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Ryan Damon sold 6,178 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the transaction, the insider owned 167,765 shares in the company, valued at $2,890,590.95. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 1,656 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $17.28, for a total value of $28,615.68. Following the completion of the transaction, the chief executive officer owned 343,891 shares in the company, valued at approximately $5,942,436.48. This trade represents a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 30,725 shares of company stock worth $529,527. Insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CRTO. BMO Capital Markets set a $20.00 price objective on Criteo in a research report on Thursday, August 6th. DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Criteo in a research note on Tuesday, July 7th. Benchmark lowered their price target on shares of Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Zacks Research lowered shares of Criteo from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Finally, Huber Research cut shares of Criteo from an “overweight” rating to an “underweight” rating in a report on Monday, August 24th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Criteo currently has an average rating of “Hold” and a consensus price target of $22.65.

Criteo Price Performance

CRTO opened at $17.62 on Monday. The firm’s fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $18.54. Criteo S.A. has a 52-week low of $15.57 and a 52-week high of $25.29. The company has a market cap of $863.38 million, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The business had revenue of $428.02 million during the quarter, compared to analysts’ expectations of $263.40 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was down 11.3% on a year-over-year basis. On average, research analysts forecast that Criteo S.A. will post 2.66 EPS for the current year.

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.