King Luther Capital Management Corp Has $3.89 Million Stake in Criteo S.A. $CRTO

King Luther Capital Management Corp increased its position in Criteo S.A. (NASDAQ:CRTO) by 79.9% in the fourth quarter, HoldingsChannel reports. The firm owned 188,910 shares of the information services provider’s stock after acquiring an additional 83,910 shares during the period. King Luther Capital Management Corp’s holdings in Criteo were worth $3,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Criteo in the 2nd quarter worth approximately $30,000. Covestor Ltd lifted its stake in Criteo by 125.2% in the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after acquiring an additional 980 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in 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 worth $45,000 after acquiring an additional 1,184 shares in the last quarter. Parallel Advisors LLC lifted its stake in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Criteo by 808.4% in the 4th quarter. Global Retirement Partners LLC now owns 7,331 shares of the information services provider’s stock worth $151,000 after acquiring an additional 6,524 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the sale, the chief financial officer directly owned 431,879 shares in the company, valued at $7,367,855.74. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Der Kooi Frederik Van bought 5,000 shares of Criteo stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $17.81 per share, with a total value of $89,050.00. Following the completion of the purchase, the director directly owned 26,600 shares of the company’s stock, valued at approximately $473,746. The trade was a 23.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.52% of the stock is owned by insiders.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $18.29 on Friday. The business’s 50-day moving average price is $17.91 and its two-hundred day moving average price is $19.00. Criteo S.A. has a one year low of $15.57 and a one year high of $27.32. The company has a market capitalization of $911.94 million, a P/E ratio of 8.55 and a beta of 0.34.

Criteo (NASDAQ:CRTO) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. The firm had revenue of $424.64 million for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. On average, equities analysts anticipate that Criteo S.A. will post 3.12 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRTO shares. Susquehanna set a $18.00 price objective on Criteo in a research note on Thursday, February 12th. Sanford C. Bernstein set a $43.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Citigroup dropped their price objective on shares of Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 price objective (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Finally, Benchmark dropped their price objective on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.94.

About Criteo

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.