Atria Investments Inc Takes $250,000 Position in Criteo S.A. (NASDAQ:CRTO)

Atria Investments Inc acquired a new position in Criteo S.A. (NASDAQ:CRTO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,222 shares of the information services provider’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Congress Asset Management Co. purchased a new position in shares of Criteo in the 3rd quarter worth about $48,653,000. APG Asset Management N.V. lifted its holdings in shares of Criteo by 1.9% during the 2nd quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock valued at $14,353,000 after buying an additional 7,469 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Criteo during the 2nd quarter valued at about $11,059,000. VELA Investment Management LLC grew its position in shares of Criteo by 15.3% during the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider’s stock valued at $4,492,000 after acquiring an additional 14,779 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in Criteo by 93.2% in the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock worth $4,057,000 after buying an additional 51,870 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several analyst reports. Macquarie increased their target price on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. DA Davidson cut their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Susquehanna dropped their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and an average target price of $50.67.

Criteo Stock Up 3.5 %

CRTO stock opened at $39.96 on Friday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 27.18 and a beta of 1.02. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93. The firm’s fifty day simple moving average is $39.38 and its two-hundred day simple moving average is $40.76.

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the sale, the insider now owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

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.