Sarah Js Glickman Sells 6,285 Shares of Criteo (NASDAQ:CRTO) Stock

Key Points

• Criteo CFO Sarah Js Glickman sold 6,285 shares at an average price of $17.23, generating $108,290.55. The transaction was made to cover tax withholding tied to vested equity awards, leaving her with 424,612 shares.
• Criteo reported quarterly EPS of $0.80, beating analyst expectations of $0.71, while revenue reached $428.02 million. However, revenue declined 11.3% year over year.
• CRTO shares recently traded at $18.36, while analysts maintained a consensus “Hold” rating and an average price target of $23.15; institutional investors and hedge funds own 94.27% of the stock.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) CFO Sarah Js Glickman sold 6,285 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $108,290.55. Following the sale, the chief financial officer owned 424,612 shares of the company's stock, valued at $7,316,064.76. This represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sarah Js Glickman also recently made the following trade(s):

• On Tuesday, May 26th, Sarah Js Glickman sold 2,465 shares of Criteo stock. The shares were sold at an average price of $17.06, for a total value of $42,052.90.

Criteo Price Performance

CRTO traded up $0.78 during trading hours on Friday, reaching $18.36. The company's stock had a trading volume of 422,078 shares, compared to its average volume of 459,103. The stock has a market cap of $922.41 million, a PE ratio of 9.32 and a beta of 0.29. Criteo S.A. has a fifty-two week low of $15.57 and a fifty-two week high of $25.29. The business's 50-day moving average is $19.70 and its 200-day moving average is $18.76.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CRTO shares. Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 price objective (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Morgan Stanley decreased their target price on shares of Criteo from $29.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday. BMO Capital Markets set a $20.00 target price on shares of Criteo in a research note on Thursday. Wedbush assumed coverage on shares of Criteo in a research report on Thursday, July 16th. They set an "outperform" rating and a $30.00 price target for the company. Finally, DA Davidson reissued a "buy" rating and issued a $24.00 price target on shares of Criteo in a research note on Tuesday, July 7th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $23.15.

Institutional Investors Weigh In On Criteo

Institutional investors have recently modified their holdings of the company. WealthCollab LLC increased 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 purchasing an additional 817 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of 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 purchasing an additional 940 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Criteo during the 2nd quarter worth $30,000. Jones Financial Companies Lllp lifted its position 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 last quarter. Finally, Parallel Advisors LLC grew its stake 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 in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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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