Criteo S.A. $CRTO Shares Acquired by King Luther Capital Management Corp

Key Points

• King Luther Capital Management increased its stake in Criteo by 79.9% in the fourth quarter, buying 83,910 additional shares and bringing its total to 188,910 shares worth about $3.9 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 94.27% of Criteo’s stock. Several firms also added to positions, including Neuberger Berman, Alliancebernstein, and Millennium Management.
• Inside the company, Director Der Kooi Frederik Van bought 5,000 shares, while CFO Sarah Js Glickman sold 2,465 shares to cover tax withholding obligations related to vesting equity awards.

King Luther Capital Management Corp grew its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 79.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,910 shares of the information services provider's stock after purchasing an additional 83,910 shares during the period. King Luther Capital Management Corp owned approximately 0.37% of Criteo worth $3,893,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC boosted its stake in shares of Criteo by 19.8% in the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider's stock valued at $177,176,000 after purchasing an additional 1,297,980 shares during the period. Alliancebernstein L.P. increased its holdings in Criteo by 1.9% in the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider's stock valued at $105,711,000 after buying an additional 82,134 shares during the last quarter. DNB Asset Management AS lifted its stake in Criteo by 2.9% during the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider's stock worth $87,761,000 after purchasing an additional 121,477 shares during the last quarter. Millennium Management LLC lifted its stake in Criteo by 226.7% during the third quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider's stock worth $24,803,000 after purchasing an additional 761,565 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Criteo by 16.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 779,195 shares of the information services provider's stock worth $17,610,000 after acquiring an additional 111,532 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Transactions at Criteo

In related news, Director Der Kooi Frederik Van purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $17.81 per share, with a total value of $89,050.00. Following the purchase, the director owned 26,600 shares of the company's stock, valued at $473,746. This trade represents a 23.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the transaction, the chief financial officer directly owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company's stock.

Criteo Stock Performance

NASDAQ CRTO opened at $18.29 on Friday. The stock has a market capitalization of $911.94 million, a P/E ratio of 8.55 and a beta of 0.34. Criteo S.A. has a 1 year low of $15.57 and a 1 year high of $27.32. The business's fifty day moving average is $17.91 and its two-hundred day moving average is $19.00.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $424.64 million for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. On average, research analysts forecast that Criteo S.A. will post 3.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRTO. Morgan Stanley reduced their target price on shares of Criteo from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Criteo in a research note on Monday, April 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $35.00 price target on shares of Criteo in a research note on Thursday, February 12th. Stifel Nicolaus cut their price target on shares of Criteo from $30.00 to $29.00 and set a "buy" rating for the company in a report on Monday, April 13th. Finally, Sanford C. Bernstein set a $43.00 price target on shares of Criteo in a report on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.94.

Criteo Profile

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo's platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo's offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.

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