Insider Selling: Criteo (NASDAQ:CRTO) CEO Sells $28,615.68 in Stock

Criteo S.A. (NASDAQ:CRTO) CEO Michael Komasinski sold 1,656 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 $28,615.68. Following the completion of the sale, the chief executive officer owned 343,891 shares of the company’s stock, valued at approximately $5,942,436.48. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $17.23, for a total value of $268,081.57.

Criteo Trading Up 5.1%

Shares of CRTO opened at $18.30 on Thursday. The company’s 50 day simple moving average is $19.73 and its 200-day simple moving average is $18.54. The firm has a market cap of $896.70 million, a PE ratio of 9.29 and a beta of 0.27. 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 results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The firm had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. Criteo’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, equities research analysts forecast that Criteo S.A. will post 2.66 EPS for the current fiscal year.

Institutional Trading of Criteo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WealthCollab LLC increased its stake 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 worth $25,000 after acquiring an additional 817 shares during the period. Rockefeller Capital Management L.P. lifted its position in Criteo by 185.8% in 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 purchasing an additional 940 shares during the period. Raymond James Financial Inc. acquired a new stake in Criteo in the second quarter valued at about $30,000. Jones Financial Companies Lllp boosted its holdings in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Wedbush lowered their price target on Criteo from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Huber Research cut Criteo from an “overweight” rating to an “underweight” rating in a research report on Monday, August 24th. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research note on Friday, August 14th. Finally, Zacks Research cut Criteo from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.