Insider Selling: Taboola.com (NASDAQ:TBLA) COO Sells $37,668.75 in Stock

Taboola.com Ltd. (NASDAQ:TBLA) COO Eldad Maniv sold 10,045 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $3.75, for a total transaction of $37,668.75. Following the transaction, the chief operating officer owned 10,807,276 shares in the company, valued at approximately $40,527,285. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eldad Maniv also recently made the following trade(s):

• On Thursday, November 6th, Eldad Maniv sold 414,816 shares of Taboola.com stock. The shares were sold at an average price of $3.78, for a total transaction of $1,568,004.48.

Taboola.com Price Performance

Shares of TBLA opened at $3.79 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $3.39 and a 200-day moving average price of $3.41. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The stock has a market capitalization of $1.09 billion, a PE ratio of 47.38 and a beta of 1.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after acquiring an additional 4,502 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Taboola.com in the 2nd quarter valued at approximately $37,000. Pallas Capital Advisors LLC acquired a new stake in Taboola.com in the 2nd quarter worth approximately $41,000. Headlands Technologies LLC purchased a new stake in Taboola.com during the 2nd quarter worth approximately $43,000. Finally, Captrust Financial Advisors purchased a new stake in Taboola.com during the 2nd quarter worth approximately $46,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBLA has been the topic of a number of analyst reports. B. Riley lifted their price target on Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 7th. BTIG Research initiated coverage on Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

About Taboola.com

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.