DoD tests AI models that make it easy to switch from vendors like Palantir
Sarah Glickman, Chief Financial Officer of Criteo S.A. (NASDAQ:CRTO), has sold 17,883 ordinary shares of the company, according to a recent SEC filing. The shares were sold at an average price of $40.30, totaling approximately $720,684. According to InvestingPro data, Criteo maintains strong financial health with a perfect Piotroski Score of 9, while management has been actively buying back shares. This transaction was conducted to fund tax withholding obligations related to a previously reported security award. Following this sale, Glickman holds 293,995 shares directly. Criteo, an advertising technology company with a market capitalization of $2.37 billion, continues to see its executives actively managing their stock positions. The company maintains a strong balance sheet with more cash than debt, earning a "GOOD" overall financial health rating from InvestingPro, which offers 12 additional key insights about CRTO’s investment potential.
In other recent news, Criteo S.A. reported impressive fourth-quarter results for 2024, surpassing market expectations with a 2% increase in Contribution ex-TAC and a 22% higher adjusted EBITDA than anticipated. This strong performance led BMO Capital Markets to raise its price target for Criteo to $60 while maintaining an Outperform rating. Criteo’s guidance for fiscal year 2025 suggests mid-single-digit growth in Contribution ex-TAC and a projected adjusted EBITDA margin of 33.5%, slightly exceeding consensus estimates. Meanwhile, Benchmark analysts maintained a Buy rating with a $51 target, expressing optimism about Criteo’s potential, particularly in light of easing retail media take rate comparisons and opportunities with Microsoft (NASDAQ:MSFT) advertisers.
DA Davidson also reiterated a Buy rating and a $53 price target for Criteo, despite lowering financial estimates due to currency exchange challenges. The firm adjusted its fourth-quarter Contribution ex-TAC estimate to $326.3 million and revised the adjusted EBITDA forecast to $116.5 million. Additionally, Criteo announced the appointment of Michael Komasinski as CEO, effective February 15, 2025, which has been positively received by the market. Komasinski’s extensive background in AdTech and his strategic vision are expected to strengthen Criteo’s position as a leading commerce media platform. Investors and stakeholders are keenly awaiting Criteo’s upcoming fourth-quarter earnings release and guidance for 2025 to gain further insights into the company’s trajectory.
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