Envestnet Asset Management Inc. Sells 15,161 Shares of Criteo S.A. (NASDAQ:CRTO)

Envestnet Asset Management Inc. lowered its stake in Criteo S.A. (NASDAQ:CRTO) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,071 shares of the information services provider’s stock after selling 15,161 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Criteo worth $3,682,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in shares of Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock worth $166,000 after purchasing an additional 1,455 shares during the period. Palumbo Wealth Management LLC bought a new stake in Criteo in the fourth quarter worth $208,000. Trexquant Investment LP purchased a new position in Criteo during the fourth quarter worth $220,000. Blue Trust Inc. increased its position in Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 1,916 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider’s stock valued at $244,000 after acquiring an additional 558 shares during the period. 94.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRTO. DA Davidson upped their price target on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. BMO Capital Markets raised their price target on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on Criteo from $48.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Criteo presently has a consensus rating of “Moderate Buy” and an average target price of $49.90.

Insider Activity

In other news, CEO Megan Clarken sold 7,481 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the completion of the sale, the chief executive officer now owns 502,052 shares of the company’s stock, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the transaction, the insider now owns 139,085 shares in the company, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,363 shares of company stock worth $1,124,213. Corporate insiders own 1.71% of the company’s stock.

Criteo Stock Performance

Shares of CRTO opened at $33.97 on Friday. The company has a 50 day moving average price of $34.96 and a 200-day moving average price of $38.24. Criteo S.A. has a fifty-two week low of $27.46 and a fifty-two week high of $49.93. The stock has a market capitalization of $1.96 billion, a PE ratio of 20.22 and a beta of 0.74.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Equities research analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

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.