Dynamic Technology Lab Private Ltd Sells 23,276 Shares of Criteo S.A. (NASDAQ:CRTO)

Dynamic Technology Lab Private Ltd decreased its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 59.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,810 shares of the information services provider's stock after selling 23,276 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Criteo were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CRTO. Waterfront Wealth Inc. raised its holdings in Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after purchasing an additional 335 shares during the period. Geode Capital Management LLC increased its position in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock valued at $1,978,000 after buying an additional 518 shares in the last quarter. Assetmark Inc. raised its stake in Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after buying an additional 558 shares during the period. Wells Fargo & Company MN grew its stake in Criteo by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in Criteo by 31.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock valued at $245,000 after acquiring an additional 1,490 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus reissued a "buy" rating and set a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Benchmark reiterated a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.80.

Criteo Price Performance

CRTO stock traded down $0.62 during midday trading on Friday, hitting $28.39. The company's stock had a trading volume of 411,460 shares, compared to its average volume of 430,315. The company's fifty day moving average price is $37.48 and its 200 day moving average price is $38.80. Criteo S.A. has a twelve month low of $27.50 and a twelve month high of $49.93. The stock has a market capitalization of $1.64 billion, a P/E ratio of 16.90 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Equities analysts expect that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Activity

In related news, CEO Megan Clarken sold 13,823 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the sale, the insider now owns 139,085 shares of the company's stock, valued at approximately $5,139,190.75. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,363 shares of company stock valued at $1,124,213. 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.