Cubist Systematic Strategies LLC Sells 164,413 Shares of Criteo S.A. (NASDAQ:CRTO)

Cubist Systematic Strategies LLC lessened its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 85.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,077 shares of the information services provider’s stock after selling 164,413 shares during the quarter. Cubist Systematic Strategies LLC owned 0.05% of Criteo worth $1,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waterfront Wealth Inc. boosted its holdings in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider’s stock worth $1,945,000 after acquiring an additional 335 shares during the last quarter. Assetmark Inc. boosted its holdings in Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock worth $244,000 after acquiring an additional 558 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider’s stock worth $258,000 after acquiring an additional 971 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock worth $166,000 after acquiring an additional 1,455 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Criteo by 31.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider’s stock worth $245,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares of the company’s stock, valued at $21,267,255.24. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the sale, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BMO Capital Markets cut their price objective on shares of Criteo from $60.00 to $49.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, February 4th. Susquehanna cut their price target on shares of Criteo from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus cut their price target on shares of Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, DA Davidson cut their price target on shares of Criteo from $57.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.70.

Criteo Stock Up 1.3%

NASDAQ CRTO opened at $29.93 on Wednesday. The company has a market cap of $1.61 billion, a PE ratio of 17.82 and a beta of 0.63. Criteo S.A. has a 52 week low of $26.67 and a 52 week high of $49.93. The firm’s 50-day simple moving average is $32.51 and its two-hundred day simple moving average is $37.28.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, equities research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current year.

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.