Two Sigma Advisers LP Has $11.20 Million Position in Criteo S.A. (NASDAQ:CRTO)

Two Sigma Advisers LP decreased its position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,200 shares of the information services provider's stock after selling 124,700 shares during the period. Two Sigma Advisers LP owned 0.50% of Criteo worth $11,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock valued at $28,000 after buying an additional 297 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Criteo during the third quarter valued at about $31,000. Farther Finance Advisors LLC bought a new stake in Criteo in the third quarter valued at about $50,000. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 1,250 shares during the period. 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 acquiring an additional 1,823 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

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

Criteo Stock Performance

Criteo stock traded down $0.22 during mid-day trading on Tuesday, reaching $42.20. The company's stock had a trading volume of 222,800 shares, compared to its average volume of 383,105. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 28.86 and a beta of 1.05. Criteo S.A. has a 12 month low of $23.87 and a 12 month high of $49.93. The business's 50 day simple moving average is $39.37 and its 200 day simple moving average is $41.14.

Insider Activity

In other news, CFO Sarah Js Glickman sold 1,520 shares of the firm'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 $61,347.20. Following the completion of the sale, the chief financial officer now owns 311,878 shares in the company, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 completion of the sale, the chief executive officer now owns 509,145 shares of the company's stock, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,972 shares of company stock valued at $890,198 in the last quarter. Company 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.