Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,353,055 shares of the company's stock after selling 127,613 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.42% of Taboola.com worth $3,992,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in TBLA. CWM LLC raised 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 acquiring an additional 4,502 shares during the last quarter. Wolverine Trading LLC increased its position in shares of Taboola.com by 98.4% in the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after buying an additional 8,463 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Taboola.com in the 1st quarter valued at $86,000. Aquatic Capital Management LLC bought a new stake in shares of Taboola.com in the 4th quarter valued at $103,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Taboola.com by 16.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock valued at $122,000 after buying an additional 5,829 shares in the last quarter. Institutional investors own 42.89% of the company's stock.
Insiders Place Their Bets
In related news, COO Eldad Maniv sold 20,083 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the transaction, the chief operating officer directly owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.70% of the company's stock.
Taboola.com Stock Up 0.9%
NASDAQ TBLA traded up $0.03 on Friday, reaching $3.32. The company had a trading volume of 1,026,407 shares, compared to its average volume of 1,285,286. The firm has a market capitalization of $878.82 million, a price-to-earnings ratio of 83.00 and a beta of 1.27. 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 company's fifty day moving average is $3.49 and its 200-day moving average is $3.32.
Analyst Ratings Changes
A number of analysts recently commented on the stock. B. Riley upped their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Needham & Company LLC upped their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Benchmark lowered their price objective on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $4.50.
Check Out Our Latest Report on Taboola.com
About Taboola.com
(
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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