Cadian Capital Management LP Has $102.24 Million Position in Criteo S.A. (NASDAQ:CRTO)

Cadian Capital Management LP boosted its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,584,333 shares of the information services provider's stock after acquiring an additional 713,785 shares during the quarter. Criteo accounts for approximately 5.9% of Cadian Capital Management LP's investment portfolio, making the stock its 6th biggest holding. Cadian Capital Management LP owned approximately 4.68% of Criteo worth $102,236,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after acquiring an additional 1,455 shares during the last quarter. Palumbo Wealth Management LLC acquired a new position in shares of Criteo in the fourth quarter valued at $208,000. Two Sigma Securities LLC bought a new position in shares of Criteo in the fourth quarter valued at about $210,000. Trexquant Investment LP acquired a new stake in shares of Criteo during the 4th quarter worth about $220,000. Finally, Blue Trust Inc. lifted its stake in shares of Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after buying an additional 1,916 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Buying and Selling

In other news, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the transaction, the insider now owns 157,450 shares of the company's stock, valued at approximately $5,335,980.50. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 7,481 shares of Criteo stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now directly owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,145 shares of company stock worth $1,031,391 in the last ninety days. 1.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CRTO has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Morgan Stanley lowered their target price on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Citigroup restated an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. DA Davidson lowered their price objective on Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.70.

Criteo Trading Up 0.3 %

Criteo stock traded up $0.09 during trading hours on Friday, reaching $28.46. 469,281 shares of the stock were exchanged, compared to its average volume of 441,211. Criteo S.A. has a twelve month low of $26.67 and a twelve month high of $49.93. The company has a market cap of $1.53 billion, a P/E ratio of 16.94 and a beta of 0.63. The stock has a 50 day moving average of $32.84 and a two-hundred day moving average of $37.44.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million during the quarter, compared to the consensus estimate of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. On average, analysts expect that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

About Criteo

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.