Point72 Asset Management L.P. Buys 22,500 Shares of Criteo S.A. (NASDAQ:CRTO)

Point72 Asset Management L.P. raised its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 681.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,800 shares of the information services provider’s stock after acquiring an additional 22,500 shares during the quarter. Point72 Asset Management L.P.’s holdings in Criteo were worth $1,038,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in Criteo during the 1st quarter valued at about $424,000. QRG Capital Management Inc. raised its stake in shares of Criteo by 64.0% in the second quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock valued at $566,000 after acquiring an additional 5,854 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Criteo in the 2nd quarter worth approximately $248,000. Blue Trust Inc. grew its position in Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,823 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its holdings in Criteo by 1.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after purchasing an additional 686 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Down 0.5 %

Shares of Criteo stock opened at $42.20 on Wednesday. The business has a fifty day simple moving average of $39.41 and a 200 day simple moving average of $41.17. The stock has a market cap of $2.33 billion, a PE ratio of 28.71 and a beta of 1.05. Criteo S.A. has a 12 month low of $23.87 and a 12 month high of $49.93.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRTO shares. Benchmark restated a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. Susquehanna lowered their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company began coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target for the company. Finally, DA Davidson reduced their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. This represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,972 shares of company stock worth $890,198. 1.71% of the stock is currently owned by company insiders.

Criteo Profile

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.