Senvest Management LLC Increases Position in Criteo S.A. (NASDAQ:CRTO)

Senvest Management LLC grew its position in Criteo S.A. (NASDAQ:CRTO - Free Report) by 19.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,895,784 shares of the information services provider's stock after buying an additional 475,530 shares during the period. Criteo accounts for about 4.1% of Senvest Management LLC's portfolio, making the stock its 10th largest position. Senvest Management LLC owned approximately 5.17% of Criteo worth $116,526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Congress Asset Management Co. acquired a new stake in Criteo during the 3rd quarter worth about $48,653,000. APG Asset Management N.V. grew its holdings in Criteo by 1.9% during 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 acquiring an additional 7,469 shares during the period. Clearbridge Investments LLC purchased a new stake in Criteo in the 2nd quarter worth approximately $11,059,000. VELA Investment Management LLC increased its holdings in shares of Criteo by 15.3% during the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider's stock valued at $4,492,000 after purchasing an additional 14,779 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Criteo by 93.2% in the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider's stock valued at $4,057,000 after buying an additional 51,870 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Analysts Set New Price Targets

CRTO has been the subject of a number of recent analyst reports. Benchmark restated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. DA Davidson dropped their target price 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. BMO Capital Markets lifted their price objective on Criteo from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. StockNews.com raised Criteo from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Susquehanna dropped their price target on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Criteo currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

Insiders Place Their Bets

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

Criteo Trading Up 3.5 %

Shares of NASDAQ CRTO traded up $1.34 during trading on Friday, reaching $39.96. The company had a trading volume of 775,438 shares, compared to its average volume of 590,408. The stock has a market capitalization of $2.20 billion, a PE ratio of 27.18 and a beta of 1.02. The stock has a 50-day moving average price of $39.38 and a two-hundred day moving average price of $40.81. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93.

Criteo Company 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.