Criteo S.A. (NASDAQ:CRTO) Chief Financial Officer Sarah Glickman has sold a total of 5,504 ordinary shares of the company, resulting in nearly $195,000 in proceeds, according to a recent regulatory filing. The transaction took place on April 23, with the shares sold at a price of $35.399 each. Following the sale, Glickman still retains 327,232 shares in the digital advertising company.
The sale was conducted automatically to fund tax withholding obligations that arose from the settlement of a security award previously reported. Investors often monitor insider sales as they may provide insights into an executive’s confidence in the company's future prospects.
Criteo, headquartered in Paris, France, specializes in providing advertising services across the internet. The company has been a player in the industry with a focus on performance-driven marketing solutions.
The ordinary shares mentioned in the transaction may be represented by American Depository Shares, where each currently represents one ordinary share of Criteo S.A. For more detailed information regarding the equity held by Glickman, Criteo advises referring to the most recent definitive proxy statement filed with the Securities and Exchange Commission.
As always, insider transactions are closely watched by investors as they can sometimes signal the financial health and expected performance of a company. However, transactions like this one, which are related to tax obligations, are not uncommon and do not necessarily reflect a change in an executive's viewpoint on the company's future.
InvestingPro Insights
Criteo S.A. (NASDAQ:CRTO) has recently seen significant insider activity, with CFO Sarah Glickman's sale of shares. For investors looking to better understand the implications of such insider movements, a glance at the company's financial health and market performance can be enlightening. According to InvestingPro data, Criteo's market capitalization stands at $1.97 billion, reflecting the company's current valuation in the marketplace. The P/E ratio, a measure of a company's current share price relative to its per-share earnings, is 39.85, with an adjusted P/E ratio for the last twelve months as of Q4 2023 at 29.05. This suggests a relatively high valuation compared to earnings, which is corroborated by an InvestingPro Tip highlighting that Criteo is trading at a high earnings multiple.
On the brighter side, another InvestingPro Tip points out that Criteo holds more cash than debt on its balance sheet, which is a positive indicator of the company's financial stability. Additionally, the company's gross profit margin for the last twelve months as of Q4 2023 stands at 44.27%, indicating a strong ability to retain earnings after the cost of goods sold is accounted for. Furthermore, with a robust return of 40.36% over the last three months, Criteo's recent market performance has been strong.
For investors seeking a deeper dive into Criteo's financials and market prospects, InvestingPro offers additional insights. There are 12 more InvestingPro Tips available at https://www.investing.com/pro/CRTO, which could provide a comprehensive understanding of the company's position and potential. Investors can take advantage of these insights and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a more informed basis for investment decisions.
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