Y Intercept Hong Kong Ltd Sells 126,024 Shares of Criteo S.A. $CRTO

Y Intercept Hong Kong Ltd reduced its stake in Criteo S.A. (NASDAQ:CRTO) by 71.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,288 shares of the information services provider’s stock after selling 126,024 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Criteo were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its stake in Criteo by 6.9% during the second quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider’s stock valued at $156,766,000 after buying an additional 419,808 shares during the last quarter. Nierenberg Investment Management Company Inc. increased its holdings in shares of Criteo by 101.0% during the second quarter. Nierenberg Investment Management Company Inc. now owns 535,702 shares of the information services provider’s stock valued at $12,835,000 after acquiring an additional 269,204 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Criteo by 145.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock worth $10,372,000 after purchasing an additional 256,227 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Criteo in the 2nd quarter worth about $5,164,000. Finally, Jump Financial LLC bought a new position in Criteo in the 2nd quarter worth about $4,377,000. Institutional investors own 94.27% of the company’s stock.

Insider Transactions at Criteo

In other news, Director Ernst 02494 Teunissen bought 4,403 shares of the stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $22.71 per share, with a total value of $99,992.13. Following the completion of the acquisition, the director owned 12,468 shares in the company, valued at $283,148.28. The trade was a 54.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 3,982 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 353,227 shares in the company, valued at $6,891,458.77. The trade was a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 11,702 shares of company stock worth $259,573 and have sold 10,598 shares worth $211,697. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on CRTO shares. DA Davidson set a $38.00 price objective on shares of Criteo in a research note on Thursday, October 30th. Benchmark reduced their price target on shares of Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Wednesday, January 21st. Morgan Stanley cut their target price on Criteo from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Finally, Zacks Research cut Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.11.

Criteo Trading Down 3.0%

Shares of CRTO opened at $19.17 on Friday. The firm has a fifty day simple moving average of $20.17 and a two-hundred day simple moving average of $21.60. The firm has a market cap of $980.55 million, a PE ratio of 6.43 and a beta of 0.51. Criteo S.A. has a 1-year low of $19.00 and a 1-year high of $47.26.

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.