Insider Selling: Taboola.com (NASDAQ:TBLA) Director Sells 27,000 Shares of Stock

by · The Markets Daily

Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report) Director Erez Shachar sold 27,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the sale, the director owned 218,827 shares of the company’s stock, valued at $739,635.26. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Taboola.com Stock Down 0.3%

Shares of NASDAQ TBLA opened at $3.34 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.30. The stock’s 50-day simple moving average is $3.44 and its 200-day simple moving average is $3.28. The firm has a market cap of $884.10 million, a price-to-earnings ratio of 83.50 and a beta of 1.27.

Institutional Trading of Taboola.com

A number of institutional investors and hedge funds have recently modified their holdings of TBLA. R Squared Ltd lifted its position in shares of Taboola.com by 17.8% in the 2nd quarter. R Squared Ltd now owns 20,761 shares of the company’s stock worth $76,000 after buying an additional 3,141 shares during the last quarter. CWM LLC grew its position in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after buying an additional 4,502 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Taboola.com by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company’s stock worth $122,000 after acquiring an additional 5,829 shares during the period. Wolverine Trading LLC lifted its holdings in Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after acquiring an additional 8,463 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in Taboola.com in the second quarter worth about $37,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Taboola.com from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Needham & Company LLC raised their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, June 17th. B. Riley boosted their target price on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Benchmark reduced their price target on shares of Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Taboola.com currently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Read Our Latest Stock Report on Taboola.com

About Taboola.com

(Get Free Report)

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.

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