Criteo S.A. (NASDAQ:CRTO) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 41.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,208 shares of the information services provider's stock after selling 18,214 shares during the quarter. GSA Capital Partners LLP's holdings in Criteo were worth $1,055,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC grew its position in shares of Criteo by 0.3% in the first quarter. Acadian Asset Management LLC now owns 2,195,542 shares of the information services provider's stock valued at $76,972,000 after purchasing an additional 6,698 shares during the period. Congress Asset Management Co. purchased a new position in shares of Criteo in the third quarter worth about $48,653,000. APG Asset Management N.V. lifted its stake in shares of Criteo by 1.9% in the second quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider's stock worth $14,353,000 after buying an additional 7,469 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of Criteo in the second quarter worth about $11,059,000. Finally, VELA Investment Management LLC lifted its stake in shares of Criteo by 15.3% in the third quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider's stock worth $4,492,000 after buying an additional 14,779 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Stock Performance

Shares of Criteo stock traded down $1.00 on Friday, reaching $36.93. The company had a trading volume of 414,702 shares, compared to its average volume of 369,550. The firm's 50 day moving average price is $39.93 and its two-hundred day moving average price is $40.70. The firm has a market cap of $2.04 billion, a PE ratio of 25.12 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRTO shares. Benchmark reissued a "buy" rating and issued a $56.00 price target on shares of Criteo in a research note on Thursday, October 10th. Macquarie raised their price target on shares of Criteo from $45.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Morgan Stanley raised their price target on shares of Criteo from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Finally, DA Davidson reduced their target price on shares of Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Four 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 target price of $51.22.

Insider Activity

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

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.