Criteo (NASDAQ:CRTO) Insider Sells 789 Shares

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 789 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $17.28, for a total value of $13,633.92. Following the completion of the sale, the insider directly owned 164,844 shares in the company, valued at approximately $2,848,504.32. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryan Damon also recently made the following trade(s):

• On Thursday, August 6th, Ryan Damon sold 6,178 shares of Criteo stock. The shares were sold at an average price of $17.23, for a total transaction of $106,446.94.

Criteo Price Performance

NASDAQ:CRTO traded up $0.19 during trading hours on Monday, reaching $17.65. 199,293 shares of the company were exchanged, compared to its average volume of 455,522. The firm has a market cap of $864.85 million, a price-to-earnings ratio of 8.96 and a beta of 0.29. The stock has a 50 day simple moving average of $19.70 and a 200 day simple moving average of $18.56. Criteo S.A. has a 52-week low of $15.57 and a 52-week high of $25.29.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. WealthCollab LLC boosted its stake in shares of Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 817 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after buying an additional 940 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Criteo in the 2nd quarter valued at about $30,000. Jones Financial Companies Lllp boosted its position in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after buying an additional 1,184 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Wedbush decreased their price target on shares of Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Morgan Stanley lowered their price target on Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Finally, Citigroup reissued a “buy” rating on shares of Criteo in a research report on Friday, August 14th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Criteo currently has an average rating of “Hold” and a consensus target price of $22.65.

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.