Criteo S.A. (NASDAQ:CRTO) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 17.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,101 shares of the information services provider’s stock after selling 6,424 shares during the quarter. Sanctuary Advisors LLC owned about 0.05% of Criteo worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CRTO. Assetmark Inc. lifted its holdings in shares of Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. boosted its holdings in Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after purchasing an additional 518 shares in the last quarter. Geode Capital Management LLC increased its position in Criteo by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after purchasing an additional 518 shares during the period. Waterfront Wealth Inc. raised its stake in shares of Criteo by 1.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after buying an additional 686 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Criteo in the 3rd quarter valued at approximately $31,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Stock Performance

Shares of NASDAQ:CRTO opened at $43.41 on Friday. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The business’s fifty day moving average price is $39.84 and its two-hundred day moving average price is $41.34. The stock has a market cap of $2.40 billion, a PE ratio of 29.53 and a beta of 1.05.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 2,793 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $42.54, for a total transaction of $118,814.22. Following the completion of the sale, the insider now owns 115,646 shares in the company, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,765 shares of company stock valued at $1,009,013. Insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRTO. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. Wells Fargo & Company assumed coverage on shares of Criteo in a report on Monday, October 28th. They set an “overweight” rating and a $70.00 price objective on the stock. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Susquehanna dropped their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Criteo presently has a consensus rating of “Moderate Buy” and an average price target of $50.67.

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.