Point72 Asset Management L.P. Buys 22,500 Shares of Criteo S.A. (NASDAQ:CRTO)

Point72 Asset Management L.P. lifted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 681.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,800 shares of the information services provider's stock after purchasing an additional 22,500 shares during the quarter. Point72 Asset Management L.P.'s holdings in Criteo were worth $1,038,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in Criteo in the first quarter worth approximately $424,000. QRG Capital Management Inc. boosted its stake in Criteo by 64.0% during the second quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider's stock valued at $566,000 after buying an additional 5,854 shares in the last quarter. SG Americas Securities LLC acquired a new position in Criteo during the second quarter worth about $248,000. Blue Trust Inc. raised its position 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 worth $65,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Waterfront Wealth Inc. lifted its holdings in Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider's stock valued at $2,198,000 after acquiring an additional 686 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Trading Up 0.9 %

NASDAQ CRTO traded up $0.36 on Wednesday, reaching $42.56. The stock had a trading volume of 212,224 shares, compared to its average volume of 382,407. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 28.71 and a beta of 1.05. Criteo S.A. has a 1 year low of $23.87 and a 1 year high of $49.93. The business has a 50 day moving average price of $39.41 and a 200 day moving average price of $41.17.

Insider Activity at Criteo

In other news, CEO Megan Clarken sold 9,284 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares of the company's stock, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares of the company's stock, valued at $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,972 shares of company stock valued at $890,198. Insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Criteo Profile

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.