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Multiple insiders secured a larger position in Taboola.com Ltd. (NASDAQ:TBLA) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Taboola.com
The Independent Chairman of the Board Zvika Limon made the biggest insider purchase in the last 12 months. That single transaction was for US$708k worth of shares at a price of US$2.83 each. That implies that an insider found the current price of US$3.07 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Taboola.com insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 1.01m shares for US$2.9m. But insiders sold 59.61k shares worth US$212k. In total, Taboola.com insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Taboola.com
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insiders At Taboola.com Have Bought Stock Recently
Over the last quarter, Taboola.com insiders have spent a meaningful amount on shares. In total, insiders bought US$2.2m worth of shares in that time, and we didn't record any sales whatsoever. This could be interpreted as suggesting a positive outlook.
Insider Ownership Of Taboola.com
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Taboola.com insiders own about US$153m worth of shares (which is 15% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Taboola.com Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Taboola.com. That's what I like to see! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future .