Criteo CFO Brian Gleason sells shares for $115,838

Brian Gleason, the Chief Revenue Officer and President of Retail Media at Criteo S.A. (NASDAQ:CRTO), recently sold 3,135 ordinary shares of the company. The shares were sold at a price of $36.95 each, resulting in a total transaction value of $115,838. Following this sale, Gleason holds 139,085 shares directly. The transaction comes as Criteo maintains a strong financial position, with the company holding more cash than debt on its balance sheet and showing a healthy current ratio of 1.17x. InvestingPro analysis indicates the stock is currently trading below its Fair Value. According to a footnote in the filing, these shares were automatically sold to cover tax withholding obligations related to a previously reported security award. Despite this tax-related sale, Criteo’s management has been actively buying back shares, demonstrating confidence in the company’s future. InvestingPro subscribers can access 10+ additional insights and detailed financial metrics in the comprehensive Pro Research Report, available for over 1,400 US stocks.

In other recent news, Criteo S.A. has seen significant developments in its financial performance and leadership changes. The company announced robust Q3 2024 earnings, showcasing revenues of $459 million and a 9% year-over-year growth in Contribution ex-TAC at constant currency. The company’s Retail Media revenue increased by 23%, hitting $61 million, while Performance Media grew by 5%. Additionally, Criteo doubled its brand count to 3,100 and activated media spend to $1.5 billion over the past two years.

On the leadership front, Criteo announced the appointment of Michael Komasinski as its new CEO, effective from February 15, 2025. Komasinski, who brings over 20 years of experience in the AdTech sector, will succeed Megan Clarken, who is retiring but will remain in a senior advisory role.

Analysts have also been active, with DA Davidson maintaining its Buy rating on Criteo shares and a $53.00 price target, despite adjusting financial estimates due to currency exchange challenges. BMO Capital Markets and KeyBanc also provided their insights, maintaining an Outperform and Sector Weight rating on Criteo shares respectively, citing a mix of potential and caution in the evolving digital advertising space. These are among the recent developments highlighting Criteo’s ongoing growth and potential in the digital advertising space.

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