Criteo S.A. (NASDAQ:CRTO) Chief Financial Officer Sarah Glickman sold 1,535 shares of company stock on May 24, 2024, for a total transaction value of approximately $59,849. The sale was executed at an average price of $38.99 per share.
The transaction was carried out automatically to cover tax withholding obligations related to the settlement of a previously-reported security award. Following the sale, Glickman still holds a significant stake in the company, with 325,697 ordinary shares remaining in her possession. It should be noted that ordinary shares of Criteo may be represented by American Depositary Shares (ADS), with each ADS currently representing one ordinary share.
Investors and followers of Criteo S.A. can refer to the company's most recent definitive proxy statement filed with the Securities and Exchange Commission for more details on the equity held by Glickman.
The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC's website. The document was signed on behalf of Glickman by Ryan Damon, as attorney-in-fact, on the same day of the transaction.
InvestingPro Insights
The recent sale of Criteo S.A. (NASDAQ:CRTO) shares by CFO Sarah Glickman might raise questions among investors regarding the company's financial health and future prospects. To provide a clearer picture, let's delve into some key metrics and insights from InvestingPro. Criteo's market capitalization stands at a robust $2.12 billion, reflecting investor confidence in the company's value and market position. Additionally, the company's Price/Earnings (P/E) ratio has adjusted to a more attractive figure of 24.19 over the last twelve months as of Q1 2024, potentially signaling a better investment opportunity compared to the unadjusted P/E ratio of 31.63.
InvestingPro Tips reveal that Criteo's management has been proactively buying back shares, which could indicate a belief in the company's undervalued stock or a desire to increase shareholder value. Moreover, Criteo is in a strong liquidity position, holding more cash than debt on its balance sheet, which is a reassuring sign for investors concerned about financial stability.
Looking at the company's performance, Criteo has experienced a substantial price uptick of 51.48% over the last six months, which aligns with the InvestingPro Tip pointing out the stock's low price volatility. This combination of price appreciation and stability could be appealing for both growth and value investors. Furthermore, with analysts predicting the company will be profitable this year and a notable 65.15% EBITDA growth in the last twelve months as of Q1 2024, Criteo's financial outlook appears promising.
To access more exclusive insights and tips on Criteo S.A., visit https://www.investing.com/pro/CRTO. There are additional InvestingPro Tips available for those looking to delve deeper into the company's analytics. Use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription and unlock the full potential of InvestingPro's expert analysis.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.