Royce & Associates LP Has $11.86 Million Position in Criteo S.A. (NASDAQ:CRTO)

Royce & Associates LP cut its stake in shares of Criteo S.A. (NASDAQ:CRTO) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,753 shares of the information services provider’s stock after selling 42,610 shares during the period. Royce & Associates LP owned 0.53% of Criteo worth $11,861,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CRTO. Congress Asset Management Co. acquired a new position in Criteo during the third quarter valued at approximately $48,653,000. Clearbridge Investments LLC acquired a new position in Criteo during the second quarter valued at approximately $11,059,000. Robeco Institutional Asset Management B.V. boosted its position in Criteo by 518.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after purchasing an additional 67,913 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Criteo by 93.2% during the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after purchasing an additional 51,870 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its position in Criteo by 523.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock valued at $2,233,000 after purchasing an additional 49,699 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction 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 in the company, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at approximately $6,019,917. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Criteo Trading Down 2.6 %

Shares of NASDAQ CRTO opened at $36.93 on Friday. The firm has a market cap of $2.04 billion, a P/E ratio of 25.12 and a beta of 1.02. Criteo S.A. has a 1-year low of $23.59 and a 1-year high of $49.93. The business’s 50 day moving average is $39.93 and its 200-day moving average is $40.74.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BMO Capital Markets increased their price target on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Susquehanna dropped their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. DA Davidson dropped their price objective on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Macquarie upped their price objective on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.22.

About Criteo

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.