Stifel Financial Corp Grows Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Stifel Financial Corp grew its stake in Criteo S.A. (NASDAQ:CRTO) by 263.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,786 shares of the information services provider’s stock after purchasing an additional 15,067 shares during the period. Stifel Financial Corp’s holdings in Criteo were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction 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 transaction, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,765 shares of company stock worth $1,009,013 in the last quarter. 1.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target for the company. DA Davidson lowered 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. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Susquehanna cut their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Benchmark restated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.67.

Criteo Trading Down 2.9 %

Criteo stock opened at $41.00 on Wednesday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 27.89 and a beta of 1.05. The stock’s fifty day simple moving average is $39.88 and its 200-day simple moving average is $41.43. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93.

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.