State Street Corp Sells 32,865 Shares of Criteo S.A. (NASDAQ:CRTO)

State Street Corp reduced its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 83.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,541 shares of the information services provider’s stock after selling 32,865 shares during the quarter. State Street Corp’s holdings in Criteo were worth $263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alpha DNA Investment Management LLC bought a new stake in Criteo in the second quarter valued at approximately $473,000. Charles Schwab Investment Management Inc. lifted its stake in Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after buying an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Criteo during the third quarter worth $1,405,000. Stifel Financial Corp raised its stake in shares of Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after purchasing an additional 15,067 shares during the period. Finally, Inspire Investing LLC acquired a new stake in Criteo in the 2nd quarter valued at approximately $819,000. 94.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. DA Davidson lowered their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a research note on Tuesday, November 19th. Susquehanna dropped their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.67.

Insider Activity

In other Criteo news, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the transaction, the insider now owns 118,334 shares in the company, valued at $4,775,960.24. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,765 shares of company stock worth $1,009,013. 1.71% of the stock is currently owned by corporate insiders.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $41.30 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 28.10 and a beta of 1.05. Criteo S.A. has a 52 week low of $23.87 and a 52 week high of $49.93. The stock’s fifty day moving average is $39.64 and its 200 day moving average is $41.54.

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.