Criteo (NASDAQ:CRTO) Insider Ryan Damon Sells 789 Shares of Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 789 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were 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 of the company’s stock, valued at approximately $2,848,504.32. The trade was a 0.48% decrease in their position. The sale was disclosed in a 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 stock was sold at an average price of $17.23, for a total transaction of $106,446.94.

Criteo Stock Performance

CRTO opened at $17.65 on Tuesday. The company has a market cap of $864.85 million, a PE ratio of 8.96 and a beta of 0.29. The stock has a 50-day moving average of $19.72 and a 200-day moving average of $18.55. Criteo S.A. has a 52-week low of $15.57 and a 52-week high of $25.29.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRTO. Morgan Stanley decreased their price objective on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Friday, July 17th. DA Davidson restated a “buy” rating and set a $24.00 price target on shares of Criteo in a report on Tuesday, July 7th. BMO Capital Markets set a $20.00 price target on shares of Criteo in a report on Thursday, August 6th. Finally, Huber Research lowered Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.65.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. VELA Investment Management LLC increased its holdings in shares of Criteo by 28.2% during the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock worth $11,364,000 after purchasing an additional 121,242 shares during the period. Div Capital Phoenix Assets Ltd bought a new stake in shares of Criteo in the fourth quarter valued at about $2,288,000. King Luther Capital Management Corp grew its position in Criteo by 79.9% during 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 buying an additional 83,910 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Criteo by 83,065.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,186 shares of the information services provider’s stock valued at $1,508,000 after acquiring an additional 73,098 shares during the period. Finally, Senvest Management LLC increased its stake in Criteo by 4.5% during the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after acquiring an additional 200,000 shares during the period. 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.