Criteo S.A. (NASDAQ:CRTO) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 85.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,077 shares of the information services provider's stock after selling 164,413 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.05% of Criteo worth $1,150,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Waterfront Wealth Inc. lifted its holdings in shares of Criteo by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock valued at $1,945,000 after buying an additional 335 shares during the period. Assetmark Inc. increased its position in Criteo by 9.9% during the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after buying an additional 558 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Criteo by 17.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after buying an additional 971 shares in the last quarter. Wells Fargo & Company MN increased its position in Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after buying an additional 1,455 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Criteo by 31.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after buying an additional 1,490 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the sale, the insider now owns 157,450 shares of the company's stock, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is owned by company insiders.

Criteo Price Performance

CRTO stock traded down $0.42 during trading on Monday, reaching $28.00. 243,340 shares of the stock traded hands, compared to its average volume of 440,227. The business's 50 day moving average price is $31.95 and its 200-day moving average price is $37.05. Criteo S.A. has a 52-week low of $26.67 and a 52-week high of $49.93. The firm has a market capitalization of $1.62 billion, a PE ratio of 16.67 and a beta of 0.63.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on CRTO. Wells Fargo & Company dropped their price target on Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Morgan Stanley dropped their price target on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Susquehanna decreased their price objective on Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, StockNews.com cut Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Criteo presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.70.

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.