Cubist Systematic Strategies LLC Has $1.69 Million Stock Holdings in Taboola.com Ltd. $TBLA

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 boosted its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 59.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 573,067 shares of the company's stock after acquiring an additional 212,584 shares during the period. Cubist Systematic Strategies LLC owned 0.18% of Taboola.com worth $1,691,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new position in Taboola.com in the first quarter valued at about $59,000. Jump Financial LLC boosted its holdings in Taboola.com by 99.3% during the first quarter. Jump Financial LLC now owns 246,629 shares of the company's stock worth $728,000 after buying an additional 122,905 shares during the last quarter. Credit Agricole S A bought a new position in Taboola.com during the first quarter worth about $944,000. Wealthedge Investment Advisors LLC bought a new position in Taboola.com during the first quarter worth about $304,000. Finally, American Century Companies Inc. boosted its holdings in Taboola.com by 42.7% during the first quarter. American Century Companies Inc. now owns 344,092 shares of the company's stock worth $1,015,000 after buying an additional 102,982 shares during the last quarter. Institutional investors own 42.89% of the company's stock.

Insider Transactions at Taboola.com

In other news, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total transaction of $75,311.25. Following the sale, the chief operating officer owned 10,872,377 shares of the company's stock, valued at $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the sale, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This represents a 10.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,183 shares of company stock worth $174,467. 24.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC raised their target price on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Wall Street Zen cut Taboola.com from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, B. Riley raised their target price on Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Taboola.com presently has an average rating of "Moderate Buy" and a consensus target price of $4.50.

Taboola.com Stock Down 1.8%

Shares of NASDAQ TBLA traded down $0.06 during mid-day trading on Friday, reaching $3.35. 1,348,868 shares of the company's stock were exchanged, compared to its average volume of 1,079,323. The firm has a market capitalization of $886.75 million, a price-to-earnings ratio of 83.75 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. The business has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.25. Taboola.com Ltd. has a twelve month low of $2.50 and a twelve month high of $4.30.

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.