Criteo S.A. (NASDAQ:CRTO) Shares Sold by Covestor Ltd

Covestor Ltd lowered its position in Criteo S.A. (NASDAQ:CRTO) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,335 shares of the information services provider’s stock after selling 389 shares during the period. Covestor Ltd’s holdings in Criteo were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Atria Investments Inc purchased a new position in shares of Criteo during the 3rd quarter valued at about $250,000. Assetmark Inc. lifted its holdings in Criteo by 8.2% in the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 424 shares during the period. QRG Capital Management Inc. boosted its position in Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock worth $624,000 after purchasing an additional 518 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Criteo by 518.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock worth $3,259,000 after purchasing an additional 67,913 shares during the period. Finally, VELA Investment Management LLC lifted its stake in shares of Criteo by 15.3% in the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider’s stock valued at $4,492,000 after purchasing an additional 14,779 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Macquarie lifted their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. DA Davidson reduced their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. BMO Capital Markets increased their price target on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Stock Up 1.9 %

Shares of NASDAQ CRTO opened at $37.92 on Friday. The firm has a 50-day simple moving average of $40.08 and a 200-day simple moving average of $40.69. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 25.80 and a beta of 1.02. Criteo S.A. has a 52 week low of $23.59 and a 52 week high of $49.93.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

About Criteo

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.