Criteo S.A. (NASDAQ:CRTO) Holdings Lowered by State Street Corp

State Street Corp cut its position in shares of Criteo S.A. (NASDAQ:CRTO) by 83.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,541 shares of the information services provider’s stock after selling 32,865 shares during the quarter. State Street Corp’s holdings in Criteo were worth $263,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRTO. USA Financial Formulas acquired a new stake in shares of Criteo in the third quarter worth $31,000. Farther Finance Advisors LLC bought a new stake in shares of Criteo in the 3rd quarter valued at approximately $50,000. EverSource Wealth Advisors LLC increased its holdings in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares during the last quarter. GAMMA Investing LLC grew its position in Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after acquiring an additional 869 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Criteo by 312.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Activity

In other news, insider Ryan Damon sold 2,793 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $42.54, for a total transaction of $118,814.22. Following the transaction, the insider now directly owns 115,646 shares in the company, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,765 shares of company stock worth $1,009,013. Insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. DA Davidson cut their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, November 19th. Susquehanna decreased their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company began coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Criteo Stock Performance

CRTO opened at $41.30 on Friday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 28.10 and a beta of 1.05. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93. The firm’s 50-day simple moving average is $39.64 and its 200-day simple moving average is $41.54.

Criteo 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.