SCHEDULE: Senvest Boosts Criteo Stake to 7.7%

Senvest Management and Richard Mashaal have increased their beneficial ownership in Criteo S.A. to 7.7% of outstanding ordinary shares.

Summary

• Senvest Management, LLC and Richard Mashaal collectively hold beneficial ownership of 4,071,880 ordinary shares of Criteo S.A.
• This represents 7.7% of Criteo S.A.'s outstanding ordinary shares.
• The percentage is calculated based on 53,141,869 ordinary shares outstanding as of April 25, 2025, as reported in Criteo S.A.'s Quarterly Report on Form 10-Q.
• The shares are held through investment vehicles, specifically Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP.
• Senvest Management, LLC serves as the investment manager for these vehicles, and Richard Mashaal is the managing member of Senvest Management, LLC.
• The investment is for passive purposes, indicating no intent to change or influence the control of Criteo S.A.

Sentiment

Score: 7

Explanation: The disclosure of a 7.7% beneficial ownership stake by Senvest Management, LLC and Richard Mashaal, explicitly stated as a passive investment, generally indicates a positive long-term view by a sophisticated investor.

Positives

• A significant institutional investor, Senvest Management, LLC, and its managing member, Richard Mashaal, have increased their stake, indicating confidence in Criteo S.A.
• The investment is stated to be for passive purposes, suggesting no immediate intent to disrupt company operations or management.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant beneficial ownership stake by a prominent investment firm may instill confidence and potentially influence market perception of the stock.

Key Dates

Recommendation

This filing is a Schedule 13G, which solely reports a beneficial ownership stake by an investment firm. While the disclosure of a 7.7% passive stake by Senvest Management, LLC and Richard Mashaal in Criteo S.A. suggests a vote of confidence from a sophisticated investor, it does not provide any new financial results, strategic updates, or operational performance data for Criteo S.A. Therefore, a definitive 'buy' or 'sell' recommendation cannot be made based solely on this ownership disclosure. Investors should consider this information alongside Criteo S.A.'s financial reports and market performance.

Keywords

Criteo S.A., CRTO, Senvest Management, Richard Mashaal, Beneficial Ownership, Schedule 13G, Investment, Ordinary Shares, AdTech, Digital Advertising