Criteo S.A. (NASDAQ:CRTO) Shares Sold by Concourse Capital Management LLC

Concourse Capital Management LLC cut its holdings in Criteo S.A. (NASDAQ:CRTO) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,045 shares of the information services provider’s stock after selling 12,130 shares during the period. Criteo comprises approximately 1.3% of Concourse Capital Management LLC’s holdings, making the stock its 24th biggest position. Concourse Capital Management LLC owned 0.11% of Criteo worth $2,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Majedie Asset Management Ltd lifted its stake in shares of Criteo by 0.4% in the 2nd quarter. Majedie Asset Management Ltd now owns 121,652 shares of the information services provider’s stock worth $5,967,000 after acquiring an additional 489 shares during the period. Tdam USA Inc. grew its position in Criteo by 3.0% during the second quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock valued at $931,000 after purchasing an additional 545 shares in the last quarter. State Street Corp grew its position in Criteo by 3.2% during the second quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock valued at $1,311,000 after purchasing an additional 820 shares in the last quarter. Private Advisor Group LLC grew its position in Criteo by 6.4% during the second quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock valued at $703,000 after purchasing an additional 850 shares in the last quarter. Finally, Pictet & Cie Europe SA grew its position in Criteo by 23.5% during the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 1,040 shares in the last quarter. 89.44% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Benoit Fouilland sold 6,250 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $46.02, for a total value of $287,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Eichmann sold 20,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $35.41, for a total transaction of $708,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,825 shares of company stock valued at $2,123,138. Corporate insiders own 5.60% of the company’s stock.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. TheStreet downgraded shares of Criteo from a “b-” rating to a “c+” rating in a research report on Monday, November 20th. BMO Capital Markets reissued a “buy” rating on shares of Criteo in a research report on Thursday, November 2nd. JMP Securities assumed coverage on shares of Criteo in a research report on Monday, October 2nd. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $46.00 price objective (down from $50.00) on shares of Criteo in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Criteo currently has a consensus rating of “Hold” and an average price target of $54.32.

Criteo S.A. (NASDAQ CRTO) opened at $31.19 on Wednesday. The company has a market cap of $1,944.62, a price-to-earnings ratio of 21.15, a P/E/G ratio of 0.97 and a beta of 2.50. Criteo S.A. has a one year low of $30.50 and a one year high of $56.00.

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About Criteo

Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

Institutional Ownership by Quarter for Criteo (NASDAQ:CRTO)

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