Dynamic Technology Lab Private Ltd Takes $1.57 Million Position in Criteo S.A. (NASDAQ:CRTO)

Dynamic Technology Lab Private Ltd bought a new position in Criteo S.A. (NASDAQ:CRTO) during the third quarter, HoldingsChannel reports. The fund bought 39,086 shares of the information services provider’s stock, valued at approximately $1,573,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares during the period. USA Financial Formulas purchased a new position in Criteo during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC bought a new position in shares of Criteo in the third quarter worth approximately $50,000. EverSource Wealth Advisors LLC increased its stake in shares of Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 1,823 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRTO. DA Davidson cut their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Macquarie upped their price target on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Susquehanna reduced 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, StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.67.

Insiders Place Their Bets

In other news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo 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 directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Criteo Stock Up 0.2 %

Criteo stock opened at $40.02 on Tuesday. The company’s 50-day moving average price is $39.38 and its 200-day moving average price is $40.81. The company has a market cap of $2.21 billion, a PE ratio of 27.22 and a beta of 1.02. Criteo S.A. has a twelve month low of $23.87 and a twelve month high of $49.93.

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.