Insider Selling: Criteo (NASDAQ:CRTO) CFO Sells 6,285 Shares of Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 6,285 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 value of $108,290.55. Following the transaction, the chief financial officer directly owned 424,612 shares of the company’s stock, valued at approximately $7,316,064.76. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sarah Js Glickman also recently made the following trade(s):

• On Tuesday, May 26th, Sarah Js Glickman sold 2,465 shares of Criteo stock. The shares were sold at an average price of $17.06, for a total value of $42,052.90.

Criteo Price Performance

Shares of NASDAQ CRTO traded up $0.78 during midday trading on Friday, hitting $18.36. 422,078 shares of the company’s stock were exchanged, compared to its average volume of 459,103. Criteo S.A. has a twelve month low of $15.57 and a twelve month high of $25.29. The firm’s fifty day simple moving average is $19.70 and its 200-day simple moving average is $18.76. The company has a market cap of $922.41 million, a PE ratio of 9.32 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

CRTO has been the subject of several analyst reports. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price target (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Stifel Nicolaus cut their target price on shares of Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Criteo in a research report on Tuesday, July 7th. Sanford C. Bernstein downgraded shares of Criteo from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $35.00 to $20.50 in a research note on Thursday. Finally, Benchmark decreased their target price on shares of Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Criteo currently has a consensus rating of “Hold” and an average target price of $23.15.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. raised its holdings in shares of Criteo by 7.6% during the 4th quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after buying an additional 629 shares during the period. WealthCollab LLC boosted its holdings in Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after acquiring an additional 817 shares during the period. Rockefeller Capital Management L.P. grew its position in Criteo by 185.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 940 shares in the last quarter. Invesco Ltd. grew its position in Criteo by 7.2% in the second quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock valued at $391,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 1,184 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.