272 Capital LP Purchases New Position in Criteo S.A. (NASDAQ:CRTO)

272 Capital LP bought a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,353 shares of the information services provider's stock, valued at approximately $1,141,000. 272 Capital LP owned approximately 0.05% of Criteo at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Alpha DNA Investment Management LLC purchased a new position in Criteo in the second quarter worth $473,000. Seizert Capital Partners LLC acquired a new position in shares of Criteo during the 3rd quarter worth $1,405,000. Inspire Investing LLC purchased a new position in shares of Criteo in the 2nd quarter valued at about $819,000. SG Americas Securities LLC acquired a new stake in shares of Criteo in the second quarter valued at about $248,000. Finally, Senvest Management LLC boosted its holdings in Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock worth $116,526,000 after buying an additional 475,530 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 1,520 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the sale, the chief financial officer now directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,793 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the transaction, the insider now directly owns 115,646 shares in the company, valued at approximately $4,919,580.84. This represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,765 shares of company stock valued at $1,009,013. Company insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRTO. Susquehanna dropped their target price on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. StockNews.com raised Criteo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Wells Fargo & Company assumed coverage on Criteo in a report on Monday, October 28th. They set an "overweight" rating and a $70.00 price objective for the company. DA Davidson lowered their target price on Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, Benchmark reaffirmed a "buy" rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Criteo has a consensus rating of "Moderate Buy" and an average price target of $50.67.

Criteo Price Performance

NASDAQ:CRTO traded down $0.08 on Friday, reaching $42.57. The stock had a trading volume of 215,445 shares, compared to its average volume of 382,348. Criteo S.A. has a 12-month low of $23.87 and a 12-month high of $49.93. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 28.96 and a beta of 1.05. The firm's fifty day moving average is $39.60 and its two-hundred day moving average is $41.21.

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.