Criteo (NASDAQ:CRTO) Insider Ryan Damon Sells 789 Shares

Key Points

• Criteo insider Ryan Damon sold 789 shares at an average price of $17.28, generating $13,633.92; the filing said the sale covered tax withholding tied to vested equity awards. He retained 164,844 shares, and had also sold 6,178 shares earlier in August.
• CRTO shares recently traded at $17.65, below their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $864.9 million and has ranged from $15.57 to $25.29 over the past year.
• Criteo’s latest quarterly earnings beat expectations, with EPS of $0.80 versus the $0.71 consensus, although revenue declined 11.3% year over year. Analysts collectively rate the stock “Hold”, with a consensus price target of $22.65.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Ryan Damon sold 789 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $17.28, for a total transaction of $13,633.92. Following the completion of the sale, the insider owned 164,844 shares of the company's stock, valued at $2,848,504.32. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryan Damon also recently made the following trade(s):

• On Thursday, August 6th, Ryan Damon sold 6,178 shares of Criteo stock. The stock was sold at an average price of $17.23, for a total transaction of $106,446.94.

Criteo Price Performance

Shares of CRTO stock traded up $0.19 during midday trading on Monday, reaching $17.65. 199,293 shares of the company traded hands, compared to its average volume of 455,522. The firm's 50 day simple moving average is $19.70 and its two-hundred day simple moving average is $18.56. The firm has a market cap of $864.85 million, a PE 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.

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

Institutional Trading of Criteo

A number of hedge funds have recently bought and sold shares of CRTO. WealthCollab LLC grew its stake in Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider's stock worth $25,000 after acquiring an additional 817 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider's stock valued at $30,000 after acquiring an additional 940 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Criteo during the 2nd quarter worth $30,000. Jones Financial Companies Lllp lifted its stake in shares of Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after purchasing an additional 1,184 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock worth $47,000 after purchasing an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several recent research reports. Wells Fargo & Company restated an "equal weight" rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Sanford C. Bernstein cut shares of Criteo from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $35.00 to $20.50 in a research note on Thursday, August 6th. Huber Research lowered Criteo from an "overweight" rating to an "underweight" rating in a research note on Monday, August 24th. Benchmark dropped their price target on Criteo from $25.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, BMO Capital Markets set a $20.00 price objective on Criteo in a research report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.65.

About Criteo

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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