CRTO - Sarah Glickman Implements A Sell Strategy: Offloads $89K In Criteo Stock | Benzinga
Disclosed on January 24, Sarah Glickman, Chief Financial Officer at Criteo (NASDAQ:CRTO), executed a substantial insider sell as per the latest SEC filing.
What Happened: Glickman's decision to sell 3,622 shares of Criteo was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $89,608.
Monitoring the market, Criteo's shares down by 2.48% at $24.74 during Thursday's morning.
Delving into Criteo's Background
Headquartered in Paris, Criteo is one of the leading ad-tech companies in the digital advertising market. Its technology, allows retailer advertisers to launch multichannel and cross-device marketing campaigns in real time. With real-time return on investment analysis of the ads, the firm's clients can adjust their marketing strategies dynamically. The firm also provides technology allowing retailers to effectively manage their ad inventories and improve yield optimization.
Criteo's Economic Impact: An Analysis
Positive Revenue Trend: Examining Criteo's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.98% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry ...