Black Creek Investment Management Inc. Raises Holdings in Criteo S.A. (NASDAQ:CRTO)

Black Creek Investment Management Inc. lifted its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,733 shares of the information services provider’s stock after buying an additional 1,500 shares during the period. Black Creek Investment Management Inc. owned about 0.07% of Criteo worth $1,273,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James & Associates purchased a new position in Criteo in the 1st quarter valued at approximately $644,000. Sei Investments Co. increased its stake in Criteo by 78.3% in the 1st quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock valued at $1,942,000 after purchasing an additional 31,410 shares in the last quarter. Northern Trust Corp increased its stake in Criteo by 169.6% in the 1st quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after purchasing an additional 10,177 shares in the last quarter. UBS Group AG increased its stake in Criteo by 4.4% in the 1st quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock valued at $4,838,000 after purchasing an additional 7,472 shares in the last quarter. Finally, State Street Corp increased its position in Criteo by 72.1% during the first quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock worth $4,562,000 after buying an additional 70,173 shares in the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Criteo

In related news, insider Ryan Damon sold 7,000 shares of Criteo stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $29.01, for a total value of $203,070.00. Following the transaction, the insider now owns 133,947 shares in the company, valued at $3,885,802.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Ryan Damon sold 7,000 shares of Criteo stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $29.01, for a total value of $203,070.00. Following the transaction, the insider now owns 133,947 shares in the company, valued at $3,885,802.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Megan Clarken sold 3,570 shares of Criteo stock in a transaction on Monday, September 11th. The shares were sold at an average price of $28.60, for a total value of $102,102.00. Following the completion of the transaction, the chief executive officer now owns 416,169 shares in the company, valued at approximately $11,902,433.40. The disclosure for this sale can be found here. Insiders have sold 29,536 shares of company stock worth $848,814 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRTO. Benchmark reissued a “buy” rating and set a $45.00 price target on shares of Criteo in a research report on Wednesday, September 13th. KeyCorp began coverage on Criteo in a research report on Tuesday, October 24th. They set an “overweight” rating and a $40.00 price target for the company. StockNews.com began coverage on Criteo in a research report on Thursday, October 5th. They set a “buy” rating for the company. Morgan Stanley dropped their price target on Criteo from $38.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, November 3rd. Finally, Susquehanna dropped their price target on Criteo from $36.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.56.

Criteo Stock Up 1.1 %

Shares of CRTO stock traded up $0.26 during mid-day trading on Wednesday, hitting $24.38. 81,915 shares of the company’s stock were exchanged, compared to its average volume of 238,948. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $36.76. The stock has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $30.56. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 201.02 and a beta of 0.97.

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.