Taboola.com Ltd. $TBLA Shares Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 59.0%, owning 573,067 shares valued at $1.69 million as of the latest reporting period.
• Analysts have a Moderate Buy rating on Taboola.com, with a consensus target price of $4.50, after recent upward adjustments from firms like Needham & Company and B. Riley.
• Insider trading activity includes COO Eldad Maniv selling 20,083 shares for approximately $75,311, reducing their ownership by 0.18%, showcasing ongoing trade activity at the executive level.

Cubist Systematic Strategies LLC lifted its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 59.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 573,067 shares of the company's stock after buying an additional 212,584 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.18% of Taboola.com worth $1,691,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Taboola.com by 6.1% in the 4th quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock worth $70,102,000 after buying an additional 1,109,602 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Taboola.com by 42.9% during the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after acquiring an additional 665,944 shares during the period. GSA Capital Partners LLP increased its position in Taboola.com by 63.6% in the 1st quarter. GSA Capital Partners LLP now owns 997,057 shares of the company's stock valued at $2,941,000 after acquiring an additional 387,777 shares in the last quarter. Credit Agricole S A bought a new stake in Taboola.com in the first quarter valued at approximately $944,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Taboola.com by 42.7% in the fourth quarter. Two Sigma Investments LP now owns 896,039 shares of the company's stock valued at $3,271,000 after buying an additional 268,318 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on TBLA. B. Riley raised their target price on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a report on Thursday, August 7th. Needham & Company LLC lifted their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Wall Street Zen downgraded Taboola.com from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Taboola.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.50.

Taboola.com Stock Up 0.3%

NASDAQ TBLA traded up $0.01 during trading on Tuesday, reaching $3.42. The company's stock had a trading volume of 712,569 shares, compared to its average volume of 1,138,110. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.30. The business has a 50-day moving average price of $3.40 and a 200-day moving average price of $3.26. The stock has a market capitalization of $905.27 million, a PE ratio of 85.50 and a beta of 1.27. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10.

Insider Activity at Taboola.com

In other 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 sale, the chief operating officer owned 10,872,377 shares in the company, valued at $40,771,413.75. This represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Erez Shachar sold 27,000 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the sale, the director directly owned 218,827 shares of the company's stock, valued at $739,635.26. The trade was a 10.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,183 shares of company stock valued at $174,467 over the last ninety days. Company insiders own 22.40% of the company's stock.

Taboola.com 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.