Whale Rock Capital Management LLC Boosts Stock Holdings in Criteo S.A. (NASDAQ:CRTO)

Whale Rock Capital Management LLC boosted its stake in Criteo S.A. (NASDAQ:CRTO - Free Report) by 230.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,519,864 shares of the information services provider's stock after buying an additional 1,756,507 shares during the quarter. Criteo makes up 1.4% of Whale Rock Capital Management LLC's investment portfolio, making the stock its 28th largest holding. Whale Rock Capital Management LLC owned 4.57% of Criteo worth $101,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Cetera Advisors LLC purchased a new stake in shares of Criteo during the first quarter valued at approximately $424,000. GAMMA Investing LLC raised its stake in shares of Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock worth $28,000 after purchasing an additional 297 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Criteo by 64.0% in the 2nd quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider's stock worth $566,000 after buying an additional 5,854 shares during the last quarter. SG Americas Securities LLC bought a new position in Criteo during the second quarter valued at about $248,000. Finally, Blue Trust Inc. increased its holdings in Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider's stock worth $65,000 after buying an additional 1,823 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRTO has been the topic of a number of research analyst reports. Susquehanna dropped 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. Benchmark reissued a "buy" rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. DA Davidson lowered their target price on Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded Criteo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company started coverage on Criteo in a research note on Monday, October 28th. They issued an "overweight" rating and a $70.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Criteo presently has an average rating of "Moderate Buy" and a consensus price target of $50.67.

Criteo Price Performance

Shares of CRTO traded up $0.26 during midday trading on Friday, hitting $42.05. 151,767 shares of the company traded hands, compared to its average volume of 382,984. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The firm has a market cap of $2.32 billion, a P/E ratio of 28.43 and a beta of 1.05. The stock has a 50-day moving average of $39.30 and a 200-day moving average of $41.02.

Insider Activity at Criteo

In other news, CEO Megan Clarken sold 9,284 shares of the business's 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 transaction, the chief executive officer now owns 509,145 shares of the company's stock, valued at approximately $20,549,092.20. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 2,885 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now directly owns 118,334 shares in the company, valued at $4,775,960.24. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,972 shares of company stock valued at $890,198. Corporate insiders own 1.71% of the company's stock.

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.