1,100,000 Shares in Criteo S.A. (NASDAQ:CRTO) Acquired by Cadian Capital Management LP
Cadian Capital Management LP bought a new position in shares of Criteo S.A. (NASDAQ:CRTO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,100,000 shares of the information services provider’s stock, valued at approximately $37,114,000. Criteo comprises 1.8% of Cadian Capital Management LP’s portfolio, making the stock its 17th biggest holding. Cadian Capital Management LP owned approximately 1.96% of Criteo as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its position in Criteo by 0.7% during the first quarter. Neuberger Berman Group LLC now owns 5,547,931 shares of the information services provider’s stock worth $174,551,000 after acquiring an additional 38,914 shares during the last quarter. Senvest Management LLC raised its stake in Criteo by 32.7% during the second quarter. Senvest Management LLC now owns 2,642,078 shares of the information services provider’s stock worth $89,144,000 after purchasing an additional 650,602 shares during the period. Acadian Asset Management LLC raised its stake in Criteo by 31.0% during the first quarter. Acadian Asset Management LLC now owns 2,113,658 shares of the information services provider’s stock worth $66,553,000 after purchasing an additional 499,959 shares during the period. Cannell Capital LLC raised its stake in Criteo by 28.0% during the first quarter. Cannell Capital LLC now owns 635,990 shares of the information services provider’s stock worth $17,324,000 after purchasing an additional 139,131 shares during the period. Finally, Millennium Management LLC purchased a new position in Criteo during the fourth quarter worth approximately $15,786,000. Institutional investors and hedge funds own 75.66% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CRTO shares. Morgan Stanley cut their target price on shares of Criteo from $38.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, November 3rd. Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of Criteo in a research note on Wednesday, September 13th. Susquehanna cut their target price on shares of Criteo from $36.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. KeyCorp started coverage on shares of Criteo in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $40.00 target price on the stock. Finally, StockNews.com initiated coverage on shares of Criteo in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.56.
Get Our Latest Stock Analysis on Criteo
Insider Activity
In other news, CEO Megan Clarken sold 5,442 shares of Criteo stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $24.79, for a total value of $134,907.18. Following the completion of the transaction, the chief executive officer now directly owns 410,727 shares of the company’s stock, valued at approximately $10,181,922.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Megan Clarken sold 5,442 shares of Criteo stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $24.79, for a total value of $134,907.18. Following the sale, the chief executive officer now directly owns 410,727 shares in the company, valued at approximately $10,181,922.33. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $28.16, for a total transaction of $154,992.64. Following the completion of the sale, the chief financial officer now owns 253,328 shares in the company, valued at $7,133,716.48. The disclosure for this sale can be found here. In the last three months, insiders sold 16,168 shares of company stock valued at $432,955. Company insiders own 1.10% of the company’s stock.
Criteo Trading Up 1.7 %
CRTO stock traded up $0.43 during mid-day trading on Friday, hitting $25.17. 326,693 shares of the company were exchanged, compared to its average volume of 333,257. The company has a market capitalization of $1.42 billion, a PE ratio of 209.77 and a beta of 0.87. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $36.76. The firm has a fifty day simple moving average of $26.28 and a 200 day simple moving average of $29.67.
Criteo (NASDAQ:CRTO – Get Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.11. The company had revenue of $245.40 million during the quarter, compared to analyst estimates of $241.04 million. Criteo had a net margin of 0.39% and a return on equity of 6.69%. As a group, sell-side analysts anticipate that Criteo S.A. will post 1.45 earnings per share for the current year.
Criteo Profile (Free Report)
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.
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