Dendur Capital LP boosted its position in Criteo S.A. (NASDAQ:CRTO – Get Rating) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,401,820 shares of the information services provider's stock after buying an additional 34,820 shares during the quarter. Criteo makes up about 7.1% of Dendur Capital LP's holdings, making the stock its 7th largest position. Dendur Capital LP owned about 2.32% of Criteo worth $34,204,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. DnB Asset Management AS increased its position in Criteo by 2.4% in the second quarter. DnB Asset Management AS now owns 5,376,536 shares of the information services provider's stock worth $131,187,000 after buying an additional 127,813 shares during the last quarter. Cannell Capital LLC increased its position in Criteo by 28.0% in the first quarter. Cannell Capital LLC now owns 635,990 shares of the information services provider's stock worth $17,324,000 after buying an additional 139,131 shares during the last quarter. Weiss Multi Strategy Advisers LLC increased its position in Criteo by 45.4% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 479,208 shares of the information services provider's stock worth $13,054,000 after buying an additional 149,670 shares during the last quarter. Orchard Capital Managment LLC increased its position in Criteo by 6.6% in the first quarter. Orchard Capital Managment LLC now owns 461,793 shares of the information services provider's stock worth $12,579,000 after buying an additional 28,600 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Criteo by 4.9% in the second quarter. Russell Investments Group Ltd. now owns 202,459 shares of the information services provider's stock worth $4,892,000 after buying an additional 9,464 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.
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Criteo Stock Performance
NASDAQ:CRTO opened at $26.76 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 14.54 and a beta of 0.80. Criteo S.A. has a 52-week low of $20.56 and a 52-week high of $43.13. The stock has a fifty day moving average of $25.95 and a 200 day moving average of $25.88.
Insider Activity at Criteo
In related news, CFO Sarah Js Glickman sold 53,734 shares of Criteo stock in a transaction on Monday, October 24th. The stock was sold at an average price of $26.05, for a total transaction of $1,399,770.70. Following the completion of the sale, the chief financial officer now owns 203,728 shares of the company's stock, valued at $5,307,114.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through
this link. In other Criteo news, CEO Megan Clarken sold 3,641 shares of Criteo stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $29.61, for a total transaction of $107,810.01. Following the completion of the sale, the chief executive officer now owns 404,208 shares of the company's stock, valued at $11,968,598.88. The sale was disclosed in a filing with the SEC, which is available at
the SEC website. Also, CFO Sarah Js Glickman sold 53,734 shares of Criteo stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $26.05, for a total value of $1,399,770.70. Following the sale, the chief financial officer now directly owns 203,728 shares of the company's stock, valued at approximately $5,307,114.40. The disclosure for this sale can be found
here. Over the last quarter, insiders sold 67,015 shares of company stock valued at $1,760,822. Company insiders own 0.89% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CRTO. Morgan Stanley lifted their price target on Criteo from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, October 10th. JPMorgan Chase & Co. reduced their price target on Criteo from $30.00 to $28.00 and set a "neutral" rating for the company in a research report on Tuesday, October 25th. Finally, StockNews.com cut Criteo from a "buy" rating to a "hold" rating in a research report on Wednesday, November 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.00.
Criteo Profile
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Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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.
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