In a recent transaction, Damon Ryan, the Chief Legal Officer of Criteo S.A. (NASDAQ:CRTO), sold 21,661 ordinary shares of the company. The shares were sold at a weighted average price of $37.1218, totaling approximately $804,095 in value. This sale took place on May 6, 2024, as reported in a regulatory filing with the Securities and Exchange Commission (SEC).
Investors tracking insider transactions may note that the sale prices ranged from $36.81 to $37.55 per share. Ryan has committed to providing full information regarding the number of shares sold at each separate price within the range upon request to the issuer, any security holder, or the SEC staff.
Following the sale, Ryan's ownership in Criteo stands at 154,569 ordinary shares. It is worth mentioning that the ordinary shares may be represented by American Depository Shares, where each represents one ordinary share of the France-based advertising company.
Criteo specializes in providing advertising services and is well-known within the industry. The company's stock performance and insider transactions are often followed by investors seeking insights into executive confidence and company health.
Details about the equity of Criteo held by Ryan and other executives can be found in the company's most recent definitive proxy statement filed with the SEC. As insiders' transactions can provide valuable information, investors tend to keep an eye on such filings for a better understanding of market movements and company dynamics.
InvestingPro Insights
As Criteo S.A. (NASDAQ:CRTO) continues to navigate the digital advertising landscape, recent insider transactions have caught the eye of market participants. Notably, Chief Legal Officer Damon Ryan's sale of shares has prompted a closer look into the company's financial health and stock performance. In light of this event, a glimpse into Criteo's current financial metrics and analyst expectations provided by InvestingPro could offer a more comprehensive picture.
InvestingPro data indicates a solid financial position for Criteo, with a market capitalization of $2.11 billion. The company boasts a Price to Earnings (P/E) ratio of 32.03, which adjusts to a more favorable 23.44 when looking at the last twelve months as of Q1 2024. This suggests that while the stock is not the cheapest in the market, it may be reasonably valued given its earnings.
Additionally, the company's PEG ratio, which measures the price of a stock to its earnings growth rate, stands at an attractive 0.07 for the same period. This low PEG ratio could imply that the stock is undervalued relative to its earnings growth potential. Moreover, Criteo has demonstrated a modest revenue growth of 0.16% over the last twelve months as of Q1 2024, which, while not high, indicates stability in its core business operations.
Turning to InvestingPro Tips, there are several positive indicators for Criteo. Firstly, management's aggressive share buybacks can be seen as a sign of confidence in the company's valuation and future prospects. Secondly, the fact that Criteo holds more cash than debt on its balance sheet provides financial flexibility and a buffer against market volatility. For investors interested in further insights, there are additional tips available on InvestingPro, including the fact that analysts have revised their earnings upwards for the upcoming period and predict the company will be profitable this year. These insights can be accessed through InvestingPro, where users can use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
It is also worth noting that Criteo's liquid assets exceed its short-term obligations, and cash flows can sufficiently cover interest payments, which may reassure investors of the company's liquidity and operational efficiency. For those seeking a deeper dive into Criteo's financials and stock performance, there are 12 additional InvestingPro Tips available that could further inform investment decisions.
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