Sarah Js Glickman Sells 2,465 Shares of Criteo (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total value of $42,052.90. Following the sale, the chief financial officer owned 431,879 shares of the company’s stock, valued at approximately $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Stock Down 0.2%

Shares of NASDAQ CRTO opened at $18.25 on Friday. The business has a fifty day simple moving average of $17.92 and a two-hundred day simple moving average of $18.99. The firm has a market cap of $909.95 million, a PE ratio of 8.53 and a beta of 0.34. Criteo S.A. has a twelve month low of $15.57 and a twelve month high of $27.32.

Criteo (NASDAQ:CRTO) last announced its quarterly 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 business had revenue of $424.64 million for the quarter. On average, research analysts expect that Criteo S.A. will post 3.12 earnings per share for the current year.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its holdings in shares of Criteo by 7.6% during the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after acquiring an additional 629 shares during the last quarter. WealthCollab LLC raised its holdings in shares of Criteo by 147.5% during the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Criteo by 185.8% during 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 during the last quarter. Covestor Ltd raised its holdings in shares of Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 980 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Criteo by 1.1% during the third quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock valued at $2,046,000 after acquiring an additional 988 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRTO. Benchmark dropped their target price on Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Citigroup dropped their target price on Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. DA Davidson set a $28.50 target price on Criteo in a research note 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 target price 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 investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.94.

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.