Michael Komasinski Sells 15,559 Shares of Criteo (NASDAQ:CRTO) Stock

Key Points

• CEO Michael Komasinski sold 15,559 Criteo shares for approximately $268,082 to cover tax-withholding obligations tied to vested equity awards, reducing his direct stake by 4.31% to 345,547 shares.
• Criteo shares rose 4.4% to $18.36, while the company’s latest quarterly results beat expectations with earnings of $0.80 per share versus the $0.71 consensus; revenue fell 11.3% year over year to $428.02 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $23.15. Institutional investors own 94.27% of Criteo’s outstanding stock.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) CEO Michael Komasinski sold 15,559 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $268,081.57. Following the completion of the transaction, the chief executive officer directly owned 345,547 shares in the company, valued at approximately $5,953,774.81. This represents a 4.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Stock Up 4.4%

Shares of Criteo stock traded up $0.78 during trading hours on Friday, reaching $18.36. 422,078 shares of the stock traded hands, compared to its average volume of 459,103. The firm has a market capitalization of $922.41 million, a price-to-earnings ratio of 9.32 and a beta of 0.29. The company has a 50 day moving average price of $19.70 and a 200 day moving average price of $18.76. Criteo S.A. has a one year low of $15.57 and a one year high of $25.29.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.30%. The business had revenue of $428.02 million during the quarter, compared to analysts' expectations of $263.40 million. During the same period in the prior year, the company earned $0.92 earnings per share. The firm's revenue was down 11.3% on a year-over-year basis. Sell-side analysts anticipate that Criteo S.A. will post 3.21 earnings per share for the current year.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in CRTO. WealthCollab LLC boosted its stake in Criteo by 147.5% during the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider's stock worth $25,000 after buying an additional 817 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Criteo by 185.8% in the fourth 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 period. Raymond James Financial Inc. bought a new stake in shares of Criteo in the 2nd quarter worth about $30,000. Jones Financial Companies Lllp boosted 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 grew its holdings in Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock valued at $47,000 after purchasing an additional 1,222 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRTO. Citigroup reiterated a "buy" rating on shares of Criteo in a research report on Tuesday, July 7th. Morgan Stanley lowered their price target on shares of Criteo from $29.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday. Sanford C. Bernstein cut shares of Criteo from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $35.00 to $20.50 in a research note on Thursday. Wedbush started coverage on shares of Criteo in a report on Thursday, July 16th. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Benchmark decreased their price target on Criteo from $25.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Criteo has a consensus rating of "Hold" and a consensus price target of $23.15.

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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