Criteo (NASDAQ:CRTO) CFO Sarah Js Glickman Sells 2,465 Shares of 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 shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $18.29 on Friday. The business’s 50-day moving average is $17.91 and its 200 day moving average is $19.00. Criteo S.A. has a 1 year low of $15.57 and a 1 year high of $27.32. The firm has a market capitalization of $911.94 million, a P/E ratio of 8.55 and a beta of 0.34.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRTO. Citigroup reduced their target price on Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Susquehanna set a $18.00 target price on Criteo in a research report on Thursday, February 12th. Wall Street Zen downgraded Criteo from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Stifel Nicolaus dropped their price target on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.94.

Institutional Trading of Criteo

Several large investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its stake in Criteo by 19.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after purchasing an additional 1,297,980 shares during the last quarter. Morgan Stanley grew its stake in Criteo by 21.6% during the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock valued at $97,357,000 after purchasing an additional 838,523 shares during the last quarter. Senvest Management LLC grew its stake in Criteo by 4.5% during the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after purchasing an additional 200,000 shares during the last quarter. Alliancebernstein L.P. grew its stake in Criteo by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after purchasing an additional 82,134 shares during the last quarter. Finally, DNB Asset Management AS grew its stake in Criteo by 2.9% during the 4th quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after purchasing an additional 121,477 shares during the last quarter. 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.