Criteo S.A. (NASDAQ:CRTO) Major Shareholder Buys $226,020.00 in Stock

Criteo S.A. (NASDAQ:CRTO) major shareholder Till Hufnagel purchased 6,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $37.67 per share, for a total transaction of $226,020.00. Following the completion of the purchase, the insider now directly owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Till Hufnagel also recently made the following trade(s):

• On Thursday, May 16th, Till Hufnagel sold 1,540 shares of Criteo stock. The shares were sold at an average price of $37.07, for a total value of $57,087.80.

Criteo Stock Up 4.1 %

Criteo stock opened at $39.00 on Friday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 40.21 and a beta of 0.95. The firm has a fifty day moving average of $35.93 and a 200-day moving average of $30.18. Criteo S.A. has a 52-week low of $22.10 and a 52-week high of $39.54.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The company had revenue of $253.89 million for the quarter, compared to analyst estimates of $246.10 million. On average, research analysts expect that Criteo S.A. will post 2.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Criteo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its position in Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after acquiring an additional 682 shares in the last quarter. Covestor Ltd lifted its stake in shares of Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after acquiring an additional 718 shares in the last quarter. CenterBook Partners LP boosted its holdings in Criteo by 6.0% in the third quarter. CenterBook Partners LP now owns 13,432 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 766 shares during the last quarter. Sei Investments Co. grew its stake in Criteo by 0.8% during the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 768 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Criteo by 7.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after purchasing an additional 822 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CRTO shares. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Criteo in a report on Tuesday, April 30th. Wells Fargo & Company raised Criteo from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. DA Davidson upped their target price on Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.44.

Criteo Company 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.