Whale Rock Capital Management LLC Has $54.80 Million Position in Criteo S.A. (NASDAQ:CRTO)

Whale Rock Capital Management LLC decreased its holdings in Criteo S.A. (NASDAQ:CRTO - Free Report) by 45.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,385,258 shares of the information services provider's stock after selling 1,134,606 shares during the quarter. Whale Rock Capital Management LLC owned 2.51% of Criteo worth $54,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after purchasing an additional 1,787 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Criteo by 17.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after buying an additional 971 shares in the last quarter. KBC Group NV acquired a new position in shares of Criteo in the 4th quarter valued at approximately $2,887,000. Wells Fargo & Company MN raised its position in shares of Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after buying an additional 1,455 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Criteo by 51.9% in the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after buying an additional 1,916 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Price Performance

CRTO stock traded down $0.20 during trading on Friday, reaching $26.29. 624,516 shares of the company were exchanged, compared to its average volume of 441,502. The company has a 50-day moving average of $31.26 and a two-hundred day moving average of $36.81. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.65 and a beta of 0.63. Criteo S.A. has a twelve month low of $25.50 and a twelve month high of $49.93.

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

Insiders Place Their Bets

In other Criteo news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now directly owns 157,450 shares of the company's stock, valued at $5,335,980.50. The trade was a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.66% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CRTO. Benchmark restated a "buy" rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company dropped 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. Morgan Stanley dropped their target price on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.70.

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.