Michael Komasinski Sells 1,656 Shares of Criteo (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) CEO Michael Komasinski sold 1,656 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $17.28, for a total value of $28,615.68. Following the completion of the transaction, the chief executive officer directly owned 343,891 shares in the company, valued at $5,942,436.48. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Komasinski also recently made the following trade(s):

• On Thursday, August 6th, Michael Komasinski sold 15,559 shares of Criteo stock. The stock was sold at an average price of $17.23, for a total value of $268,081.57.

Criteo Trading Up 1.1%

Shares of CRTO stock traded up $0.19 on Monday, reaching $17.65. The company had a trading volume of 199,293 shares, compared to its average volume of 455,522. The stock has a market cap of $864.85 million, a PE ratio of 8.96 and a beta of 0.29. The company has a 50-day moving average of $19.70 and a 200-day moving average of $18.56. Criteo S.A. has a 12 month low of $15.57 and a 12 month high of $25.29.

Criteo (NASDAQ:CRTO) last released 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 14.33%. The business had revenue of $428.02 million for the quarter, compared to analyst estimates of $263.40 million. During the same quarter last year, the firm earned $0.92 EPS. Criteo’s quarterly revenue was down 11.3% compared to the same quarter last year. Sell-side analysts anticipate that Criteo S.A. will post 2.66 earnings per share for the current year.

Hedge Funds Weigh In On Criteo

Large investors have recently added to or reduced their stakes in the company. VELA Investment Management LLC lifted its stake in Criteo by 28.2% in the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock valued at $11,364,000 after acquiring an additional 121,242 shares in the last quarter. Div Capital Phoenix Assets Ltd acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $2,288,000. King Luther Capital Management Corp lifted its position in shares of Criteo by 79.9% in the fourth quarter. King Luther Capital Management Corp now owns 188,910 shares of the information services provider’s stock worth $3,893,000 after purchasing an additional 83,910 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Criteo by 83,065.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,186 shares of the information services provider’s stock worth $1,508,000 after purchasing an additional 73,098 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Criteo by 4.6% during the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after purchasing an additional 77,145 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Benchmark decreased their target price on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Sanford C. Bernstein cut Criteo from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $35.00 to $20.50 in a report on Thursday, August 6th. Morgan Stanley decreased their price objective on Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company 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.