Whale Rock Capital Management LLC Sells 1,134,606 Shares of Criteo S.A. (NASDAQ:CRTO)

Whale Rock Capital Management LLC reduced its position in shares of Criteo S.A. (NASDAQ:CRTO) by 45.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,385,258 shares of the information services provider’s stock after selling 1,134,606 shares during the period. Whale Rock Capital Management LLC’s holdings in Criteo were worth $54,801,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its position in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock valued at $150,208,000 after buying an additional 1,052,126 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Criteo by 41,776.0% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider’s stock worth $39,348,000 after acquiring an additional 992,180 shares in the last quarter. Senvest Management LLC raised its holdings in shares of Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after purchasing an additional 743,695 shares during the last quarter. Cadian Capital Management LP lifted its position in shares of Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock worth $102,236,000 after purchasing an additional 713,785 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Criteo by 4,200.9% in the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider’s stock worth $22,493,000 after purchasing an additional 559,472 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Stock Performance

Shares of CRTO stock opened at $28.00 on Tuesday. Criteo S.A. has a 52-week low of $26.67 and a 52-week high of $49.93. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 16.67 and a beta of 0.63. The firm’s 50-day moving average is $31.95 and its 200-day moving average is $37.05.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.33. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson decreased their target price on shares of Criteo from $57.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Criteo from $39.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. BMO Capital Markets lowered their target price on Criteo from $60.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Citigroup reiterated an “underperform” rating on shares of Criteo in a report on Friday, April 25th. Finally, StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.70.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the transaction, the insider now directly owns 157,450 shares of the company’s stock, valued at $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.66% of the stock is owned by company insiders.

About Criteo

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.