Eldad Maniv Sells 414,816 Shares of Taboola.com (NASDAQ:TBLA) Stock

Taboola.com Ltd. (NASDAQ:TBLA) COO Eldad Maniv sold 414,816 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total value of $1,568,004.48. Following the completion of the sale, the chief operating officer owned 10,392,460 shares of the company’s stock, valued at approximately $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 5th, Eldad Maniv sold 10,045 shares of Taboola.com stock. The shares were sold at an average price of $3.75, for a total transaction of $37,668.75.

Taboola.com Price Performance

NASDAQ TBLA opened at $3.79 on Friday. The company has a market cap of $1.09 billion, a P/E ratio of 47.38 and a beta of 1.27. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.08. Taboola.com Ltd. has a 1 year low of $2.50 and a 1 year high of $4.30. The company has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.41.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TBLA shares. BTIG Research assumed coverage on Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating for the company. B. Riley lifted their price target on Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Taboola.com has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Hedge Funds Weigh In On Taboola.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Taboola.com by 412.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock valued at $11,394,000 after acquiring an additional 2,505,249 shares in the last quarter. LSV Asset Management boosted its holdings in Taboola.com by 2,001.4% during the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,889,168 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Taboola.com by 36.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 2,141,148 shares of the company’s stock valued at $7,837,000 after purchasing an additional 568,164 shares during the period. Empowered Funds LLC raised its holdings in shares of Taboola.com by 73.4% in the 2nd quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock worth $4,588,000 after buying an additional 530,664 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Taboola.com by 63.6% during the 1st quarter. GSA Capital Partners LLP now owns 997,057 shares of the company’s stock worth $2,941,000 after buying an additional 387,777 shares during the period. 42.89% of the stock is owned by institutional investors.

Taboola.com Company Profile

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.