Criteo (NASDAQ:CRTO) CEO Sells $28,615.68 in Stock

Key Points

• CEO Michael Komasinski sold 1,656 Criteo shares at an average price of $17.28, totaling $28,615.68. The sale covered tax-withholding obligations tied to vested equity awards and reduced his stake by 0.48% to 343,891 shares.
• Criteo shares rose 1.1% to $17.65, while the company’s latest quarterly results exceeded expectations with adjusted earnings of $0.80 per share versus the $0.71 consensus estimate. Revenue fell 11.3% year over year to $428.02 million.
• Analyst sentiment is mixed, with Criteo holding a consensus “Hold” rating and an average price target of $22.65. Institutional investors own 94.27% of the company’s stock.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) CEO Michael Komasinski sold 1,656 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $17.28, for a total transaction of $28,615.68. Following the sale, the chief executive officer owned 343,891 shares of the company's stock, valued at $5,942,436.48. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Komasinski also recently made the following trade(s):

• On Thursday, August 6th, Michael Komasinski sold 15,559 shares of Criteo stock. The shares were sold at an average price of $17.23, for a total transaction of $268,081.57.

Criteo Stock Up 1.1%

NASDAQ:CRTO traded up $0.19 on Monday, reaching $17.65. The stock had a trading volume of 199,293 shares, compared to its average volume of 455,522. The company has a market capitalization of $864.85 million, a P/E ratio of 8.96 and a beta of 0.29. Criteo S.A. has a 1-year low of $15.57 and a 1-year high of $25.29. The stock has a fifty day moving average price of $19.70 and a 200-day moving average price of $18.56.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. During the same quarter last year, the business posted $0.92 earnings per share. The company's revenue was down 11.3% on a year-over-year basis. Sell-side analysts predict that Criteo S.A. will post 2.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup reiterated a "buy" rating on shares of Criteo in a research report on Friday, August 14th. BMO Capital Markets set a $20.00 target price on Criteo in a report on Thursday, August 6th. Wells Fargo & Company restated an "equal weight" rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Benchmark reduced their price target on shares of Criteo from $25.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Huber Research lowered shares of Criteo from an "overweight" rating to an "underweight" rating in a report on Monday, August 24th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Criteo presently has an average rating of "Hold" and a consensus target price of $22.65.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRTO. GAMMA Investing LLC increased its stake in shares of Criteo by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider's stock valued at $63,000 after buying an additional 1,314 shares during the period. Parallel Advisors LLC lifted its stake in shares of Criteo by 357.9% during the first quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider's stock valued at $74,000 after acquiring an additional 3,225 shares during the period. Janus Henderson Group PLC boosted its holdings in Criteo by 4.6% in the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider's stock valued at $31,774,000 after acquiring an additional 77,145 shares during the last quarter. Amundi boosted its holdings in Criteo by 24.2% in the first quarter. Amundi now owns 69,835 shares of the information services provider's stock valued at $1,252,000 after acquiring an additional 13,623 shares during the last quarter. Finally, Senvest Management LLC increased its position in Criteo by 4.5% in the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider's stock worth $82,430,000 after purchasing an additional 200,000 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Company 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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