Criteo S.A. (NASDAQ:CRTO) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of Criteo S.A. (NASDAQ:CRTO) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 405,017 shares of the information services provider’s stock after selling 4,854 shares during the period. Clearbridge Investments LLC owned approximately 0.73% of Criteo worth $16,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after purchasing an additional 21,509 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Criteo in the 3rd quarter worth about $928,000. Point72 Asset Management L.P. raised its stake in shares of Criteo by 681.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider’s stock valued at $1,038,000 after purchasing an additional 22,500 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after purchasing an additional 15,067 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its stake in Criteo by 230.1% in the third quarter. Whale Rock Capital Management LLC now owns 2,519,864 shares of the information services provider’s stock worth $101,399,000 after purchasing an additional 1,756,507 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the transaction, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the sale, the insider now directly owns 139,085 shares of the company’s stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock valued at $1,124,213 over the last quarter. Corporate insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

CRTO has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, DA Davidson raised their target price on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.90.

Criteo Stock Performance

Shares of CRTO stock opened at $35.65 on Thursday. The firm has a market capitalization of $2.06 billion, a PE ratio of 21.22 and a beta of 0.98. Criteo S.A. has a 1 year low of $33.15 and a 1 year high of $49.93. The stock has a fifty day moving average of $38.95 and a two-hundred day moving average of $39.56.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities research analysts predict that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

About Criteo

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.