Point72 Asset Management L.P. Sells 14,700 Shares of Criteo S.A. (NASDAQ:CRTO)

Point72 Asset Management L.P. cut its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 57.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,100 shares of the information services provider's stock after selling 14,700 shares during the period. Point72 Asset Management L.P.'s holdings in Criteo were worth $439,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake 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 period. Palumbo Wealth Management LLC bought a new position in shares of Criteo during the 4th quarter worth approximately $208,000. Two Sigma Securities LLC bought a new position in shares of Criteo during the 4th quarter worth approximately $210,000. Trexquant Investment LP bought a new position in shares of Criteo during the 4th quarter worth approximately $220,000. Finally, Blue Trust Inc. boosted 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 acquiring an additional 1,916 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Citigroup reiterated an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. DA Davidson dropped their price target on Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Benchmark reissued a "buy" rating and set a $51.00 price target on shares of Criteo in a report on Tuesday, February 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. Based on data from MarketBeat.com, Criteo presently has an average rating of "Moderate Buy" and an average price target of $46.70.

Insider Transactions at Criteo

In other news, CFO Sarah Js Glickman sold 1,520 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $39,702.40. Following the completion of the transaction, the chief financial officer now owns 361,190 shares of the company's stock, valued at approximately $9,434,282.80. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan Damon sold 1,263 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total value of $32,989.56. Following the transaction, the insider now directly owns 130,739 shares of the company's stock, valued at $3,414,902.68. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,707 shares of company stock valued at $351,786. Corporate insiders own 1.66% of the company's stock.

Criteo Trading Down 0.1%

NASDAQ CRTO traded down $0.02 during midday trading on Thursday, hitting $25.50. The company had a trading volume of 198,773 shares, compared to its average volume of 444,475. The company has a market capitalization of $1.48 billion, a PE ratio of 15.16 and a beta of 0.63. The firm has a 50-day moving average price of $30.64 and a 200-day moving average price of $36.60. Criteo S.A. has a twelve month low of $25.17 and a twelve month high of $49.93.

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