Whale Rock Capital Management LLC Sells 1,134,606 Shares of Criteo S.A. (NASDAQ:CRTO)

Whale Rock Capital Management LLC trimmed its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 45.0% during the fourth quarter, according to its most recent disclosure with the Securities and 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 period. Whale Rock Capital Management LLC owned approximately 2.51% of Criteo worth $54,801,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its position in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after purchasing an additional 1,052,126 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock valued at $39,348,000 after buying an additional 992,180 shares during the period. Senvest Management LLC raised its position in shares of Criteo by 25.7% during the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after acquiring an additional 743,695 shares during the last quarter. Cadian Capital Management LP lifted its stake in shares of Criteo by 38.2% during the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after acquiring an additional 713,785 shares during the period. Finally, Schroder Investment Management Group lifted its stake in shares of Criteo by 4,200.9% during the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock valued at $22,493,000 after acquiring an additional 559,472 shares during the period. 94.27% of the stock is owned by institutional investors.

Criteo Stock Down 1.5%

Shares of NASDAQ CRTO opened at $28.00 on Tuesday. Criteo S.A. has a twelve month low of $26.67 and a twelve month high of $49.93. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 16.67 and a beta of 0.63. The company's fifty day moving average is $31.95 and its 200-day moving average is $37.05.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $259.86 million. During the same period in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm'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 in the company, valued at approximately $5,335,980.50. This trade represents a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on CRTO. Citigroup reissued an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Morgan Stanley dropped their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company reduced their price objective on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. StockNews.com cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus cut their price target on Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Criteo presently has an average rating of "Moderate Buy" and a consensus price target of $46.70.

Criteo Company 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.

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