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

Dynamic Technology Lab Private Ltd purchased a new position in shares of Criteo S.A. (NASDAQ:CRTO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,086 shares of the information services provider’s stock, valued at approximately $1,573,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Criteo at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CRTO. Senvest Management LLC raised its holdings in Criteo by 19.6% during the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider’s stock valued at $116,526,000 after buying an additional 475,530 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Criteo during the third quarter valued at about $48,653,000. APG Asset Management N.V. boosted its holdings in shares of Criteo by 1.9% during the second quarter. APG Asset Management N.V. now owns 407,822 shares of the information services provider’s stock worth $14,353,000 after purchasing an additional 7,469 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of Criteo during the second quarter worth about $11,059,000. Finally, VELA Investment Management LLC increased its holdings in Criteo by 15.3% during the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider’s stock valued at $4,492,000 after purchasing an additional 14,779 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Performance

Shares of CRTO stock opened at $40.02 on Tuesday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 27.22 and a beta of 1.02. Criteo S.A. has a one year low of $23.87 and a one year high of $49.93. The company’s 50-day moving average is $39.38 and its 200 day moving average is $40.81.

Analysts Set New Price Targets

Several research firms have weighed in on CRTO. JPMorgan Chase & Co. increased their price objective on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. Susquehanna dropped their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. DA Davidson reduced their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective for the company. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.67.

Insider Activity

In other news, insider Brian Gleason sold 2,841 shares of the business’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 completion of the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

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.