Criteo (NASDAQ:CRTO) CEO Michael Komasinski Sells 1,656 Shares

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

Criteo Trading Up 1.1%

Shares of Criteo stock opened at $17.65 on Tuesday. The company has a fifty day simple moving average of $19.72 and a 200-day simple moving average of $18.55. Criteo S.A. has a 12-month low of $15.57 and a 12-month high of $25.29. The stock has a market cap of $864.85 million, a price-to-earnings ratio of 8.96 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Criteo’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, analysts forecast that Criteo S.A. will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WealthCollab LLC raised its stake in shares of Criteo by 147.5% during the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after buying an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of 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 buying an additional 940 shares in the last quarter. Invesco Ltd. grew its holdings in Criteo by 7.2% during the second quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after acquiring an additional 1,094 shares during the period. Jones Financial Companies Lllp grew its holdings in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC raised its position in Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after acquiring an additional 1,222 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Benchmark cut their price target on Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley lowered their target price on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Huber Research cut shares of Criteo from an “overweight” rating to an “underweight” rating in a report on Monday, August 24th. Zacks Research downgraded shares of Criteo from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $18.00 price target (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Criteo currently has a consensus rating of “Hold” and a consensus price target 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.