Executives at Criteo S.A. (NASDAQ:CRTO), a global technology company specializing in digital advertising, have recently engaged in significant trading activity involving the company's shares. According to the latest SEC filings, the transactions included both purchases and sales of the company's ordinary shares.
The filings revealed that on May 13, 2024, a sale of 10,650 shares took place at a weighted average price of $37.8134, resulting in a total transaction value of approximately $402,837. The following day, an executive purchased 6,000 shares at an average price of $37.6674, amounting to a total of $226,004. On the same day, another sale of 15,405 shares was executed at an average price of $37.7515, totaling around $581,623.
Subsequent transactions included a sale of 1,205 shares on May 15 at an average price of $37.4793, and a sale of 1,540 shares on May 16 at an average price of $37.0721. The total proceeds from these sales were approximately $45,242 and $57,071, respectively.
The largest single transaction occurred on May 17, when 72,000 shares were sold at an average price of $36.2978, bringing in approximately $2,613,402 for the seller.
In addition to the non-derivative securities transactions, the executives also engaged in the sale of derivative securities. Specifically, call options with a conversion price of $35.0 were sold, totaling $19,250.
The reported transactions reflect a mix of buying and selling activity by Criteo S.A. executives, with the total value of shares sold significantly surpassing the amount purchased. The sales occurred within a price range of $36.2978 to $37.8134 per share, while the purchase was made at a price of $37.6674 per share.
Investors often monitor insider trading as it can provide insights into executives' perspectives on the company's future prospects. The recent activity in Criteo S.A. shares suggests a dynamic market for the company's stock among its top executives.
The SEC filings provide a detailed account of these transactions and serve as a public record of insider trading activities. The reported trades are part of the regular disclosure requirements for company insiders and provide transparency for investors and the market.
InvestingPro Insights
Amidst the flurry of insider trading activity at Criteo S.A. (NASDAQ:CRTO), the company's financial health and market performance provide additional context for investors. An InvestingPro Tip that stands out is the aggressive share buyback strategy management has been pursuing, signaling a potential confidence in the company's valuation and future prospects. Additionally, Criteo holds more cash than debt on its balance sheet, which is a reassuring sign of financial stability for shareholders.
From a market perspective, Criteo's stock has experienced a large price uptick over the last six months, with a 52.77% return. This is closely aligned with the executives' trading behavior and may reflect their response to the company's momentum. The stock is also trading near its 52-week high, at 94.74% of this peak value, emphasizing the recent positive trend in its share price.
InvestingPro Data metrics further enrich the narrative with a current market capitalization of $2.12 billion USD and a Price/Earnings (P/E) ratio of 31.63. The adjusted P/E ratio for the last twelve months as of Q1 2024 stands at 23.23, suggesting a potentially more attractive valuation when considering the company's earnings over the past year. Additionally, the company's revenue growth for the last twelve months was modest at 0.16%, indicating a stable, albeit slow, increase in sales.
For investors seeking a deeper dive into Criteo's financials and market position, InvestingPro offers additional insights and metrics. There are 8 more InvestingPro Tips available, which could provide further clarity on the company's performance and outlook. To access these insights, investors can visit https://www.investing.com/pro/CRTO and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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