Insider Selling: Taboola.com Ltd. (NASDAQ:TBLA) Director Sells $790,000.00 in Stock

Taboola.com Ltd. (NASDAQ:TBLA) Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now owns 70,642 shares in the company, valued at $223,228.72. This represents a 77.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Taboola.com Price Performance

NASDAQ TBLA opened at $3.53 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 1 year low of $2.87 and a 1 year high of $5.00. The company has a market cap of $1.03 billion, a PE ratio of -35.30 and a beta of 1.28. The stock’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.48.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $433.10 million during the quarter, compared to analysts’ expectations of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same period in the prior year, the company posted ($0.02) earnings per share.

Institutional Trading of Taboola.com

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in Taboola.com by 1,218.5% during the third quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after buying an additional 33,668 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Taboola.com by 99.6% during the 3rd quarter. XTX Topco Ltd now owns 60,229 shares of the company’s stock valued at $202,000 after acquiring an additional 30,059 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Taboola.com by 698.2% in the 3rd quarter. Jane Street Group LLC now owns 93,353 shares of the company’s stock valued at $314,000 after acquiring an additional 81,658 shares in the last quarter. State Street Corp boosted its position in Taboola.com by 5.5% during the third quarter. State Street Corp now owns 305,350 shares of the company’s stock worth $1,026,000 after purchasing an additional 16,055 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Taboola.com by 529.8% during the third quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company’s stock worth $291,000 after purchasing an additional 72,849 shares during the period. 42.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TBLA shares. Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Friday, November 8th. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Taboola.com presently has an average rating of “Buy” and a consensus price target of $5.31.

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.