Criteo S.A. $CRTO Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in Criteo S.A. (NASDAQ:CRTO) by 70.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,200 shares of the information services provider’s stock after selling 30,859 shares during the quarter. Federated Hermes Inc.’s holdings in Criteo were worth $298,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. Blue Trust Inc. increased its holdings in Criteo by 81.2% in the second quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock valued at $69,000 after buying an additional 1,290 shares during the last quarter. VELA Investment Management LLC raised its stake in Criteo by 86.5% in the second quarter. VELA Investment Management LLC now owns 351,940 shares of the information services provider’s stock valued at $8,432,000 after buying an additional 163,196 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Criteo during the 2nd quarter worth about $4,224,000. Finally, Waterfront Wealth Inc. boosted its position in shares of Criteo by 9.4% during the 2nd quarter. Waterfront Wealth Inc. now owns 57,761 shares of the information services provider’s stock worth $1,384,000 after acquiring an additional 4,980 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 3,982 shares of Criteo stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the transaction, the chief financial officer directly owned 353,227 shares in the company, valued at approximately $6,891,458.77. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 3,394 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $19.51, for a total transaction of $66,216.94. Following the completion of the sale, the insider directly owned 117,508 shares of the company’s stock, valued at $2,292,581.08. The trade was a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,598 shares of company stock worth $211,697 over the last three months. 1.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CRTO has been the topic of several research analyst reports. DA Davidson set a $38.00 target price on Criteo in a research report on Thursday, October 30th. BMO Capital Markets reissued an “outperform” rating and set a $40.00 price objective on shares of Criteo in a report on Thursday, October 30th. Morgan Stanley reduced their price objective on shares of Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.11.

Criteo Trading Up 1.6%

Shares of CRTO opened at $19.19 on Monday. The company’s 50 day simple moving average is $20.07 and its 200-day simple moving average is $21.43. The firm has a market cap of $981.57 million, a PE ratio of 6.44 and a beta of 0.49. Criteo S.A. has a 12-month low of $17.83 and a 12-month high of $47.25.

Criteo Profile

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.