Criteo S.A. (NASDAQ:CRTO) reported that its Chief Financial Officer, Sarah Glickman, sold a total of 5,504 shares at an average price of $35.399 per share, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on April 23, 2024, resulted in nearly $195,000 in proceeds.
The sale was executed to cover tax withholding obligations related to a previously reported security award, as indicated in the footnotes of the filing. The shares sold may be represented by American Depository Shares, with each share currently representing one Ordinary Share of the company.
Following the transaction, Glickman still holds a significant stake in the company, with 327,232 shares remaining in her possession. Investors interested in the specifics of the CFO's equity in Criteo are directed to the company's most recent definitive proxy statement filed with the SEC for more detailed information.
Criteo S.A., headquartered in Paris, operates within the advertising industry and has been providing services that include advanced targeted marketing and advertising solutions. The sale by the company's CFO is a routine financial move often seen among executives, particularly in relation to the vesting of stock awards and the associated tax implications.
InvestingPro Insights
Amid news of Criteo S.A.'s (NASDAQ:CRTO) CFO Sarah Glickman selling shares, investors may be interested in several key metrics and insights from InvestingPro that could provide a broader context to the company's financial health and stock performance.
InvestingPro data indicates that Criteo has a market capitalization of $1.96 billion and a Price to Earnings (P/E) ratio of 39.85. Adjusting for the last twelve months as of Q4 2023, the P/E ratio stands at a slightly lower 27.93. These figures suggest that while the company is trading at a higher earnings multiple, it may be reflective of investor confidence in its future growth potential. The company's revenue for the last twelve months as of Q4 2023 is reported at $1.949 billion, with a Gross Profit Margin of 44.27%, indicating a strong ability to retain earnings after the cost of goods sold is accounted for.
From an investment standpoint, two InvestingPro Tips that stand out are that management has been aggressively buying back shares and that the company holds more cash than debt on its balance sheet. These actions can be interpreted as positive signals regarding the company's financial strategy and stability. Moreover, the fact that Criteo is expected to remain profitable, as indicated by analysts revising their earnings upwards for the upcoming period, adds to the attractiveness of the company's stock.
For those considering a deeper dive into Criteo's financials and stock performance, there are 13 additional InvestingPro Tips available at https://www.investing.com/pro/CRTO. To access these insights and more, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Investors should note that Criteo's next earnings date is scheduled for May 2, 2024, which will provide further information on the company's financial trajectory and could impact stock performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.