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

272 Capital LP bought a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,353 shares of the information services provider's stock, valued at approximately $1,141,000. Criteo accounts for about 1.3% of 272 Capital LP's holdings, making the stock its 29th largest holding. 272 Capital LP owned about 0.05% of Criteo at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRTO. GAMMA Investing LLC raised its holdings in shares of Criteo by 67.3% in the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock valued at $28,000 after purchasing an additional 297 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Criteo during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in Criteo during the third quarter worth approximately $50,000. EverSource Wealth Advisors LLC boosted its holdings in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider's stock valued at $53,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Criteo by 7,011.5% in the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider's stock valued at $65,000 after purchasing an additional 1,823 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Trading Down 3.7 %

Shares of CRTO traded down $1.56 during trading hours on Friday, reaching $40.78. The company had a trading volume of 523,802 shares, compared to its average volume of 561,376. Criteo S.A. has a 12-month low of $23.87 and a 12-month high of $49.93. The firm has a 50 day simple moving average of $39.29 and a 200-day simple moving average of $40.92. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 27.74 and a beta of 1.02.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Ryan Damon sold 2,885 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the sale, the insider now directly owns 118,334 shares in the company, valued at $4,775,960.24. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of Criteo stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now owns 509,145 shares of the company's stock, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,972 shares of company stock worth $890,198. 1.71% of the stock is owned by company 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.