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

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 stock was sold at an average price of $17.28, for a total transaction of $28,615.68. Following the completion of the transaction, the chief executive officer directly owned 343,891 shares of the company’s stock, valued at $5,942,436.48. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $268,081.57.

Criteo Price Performance

NASDAQ:CRTO opened at $17.41 on Wednesday. Criteo S.A. has a fifty-two week low of $15.57 and a fifty-two week high of $25.29. The stock’s 50-day moving average is $19.72 and its two-hundred day moving average is $18.54. The stock has a market cap of $853.09 million, a PE ratio of 8.84 and a beta of 0.28.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, equities research analysts anticipate that Criteo S.A. will post 2.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Criteo in a research report on Tuesday, July 7th. Huber Research cut shares of Criteo from an “overweight” rating to an “underweight” rating in a report on Monday, August 24th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price target (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Benchmark reduced their price objective on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research downgraded Criteo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Criteo presently has an average rating of “Hold” and an average price target of $22.65.

Institutional Trading of Criteo

Institutional investors have recently added to or reduced their stakes in the business. VELA Investment Management LLC increased its stake in shares of Criteo by 28.2% during the 4th quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock worth $11,364,000 after purchasing an additional 121,242 shares during the last quarter. Div Capital Phoenix Assets Ltd acquired a new stake in shares of Criteo in the 4th quarter valued at $2,288,000. King Luther Capital Management Corp lifted its stake in shares of Criteo by 79.9% in the 4th quarter. King Luther Capital Management Corp now owns 188,910 shares of the information services provider’s stock valued at $3,893,000 after purchasing an additional 83,910 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Criteo by 4.6% in the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after purchasing an additional 77,145 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Criteo by 83,065.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,186 shares of the information services provider’s stock worth $1,508,000 after purchasing an additional 73,098 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.