Kaltura (NASDAQ:KLTR) Insider Sells $25,976.37 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 17,671 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $1.47, for a total transaction of $25,976.37. Following the completion of the transaction, the insider owned 2,305,891 shares of the company’s stock, valued at approximately $3,389,659.77. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eynav Azaria also recently made the following trade(s):

• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The stock was sold at an average price of $1.45, for a total transaction of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total transaction of $46,724.38.

Kaltura Trading Down 5.1%

Shares of KLTR stock traded down $0.08 on Wednesday, reaching $1.41. 216,114 shares of the stock were exchanged, compared to its average volume of 581,529. The business’s 50 day moving average price is $1.28 and its 200 day moving average price is $1.46. The company has a market capitalization of $208.97 million, a price-to-earnings ratio of -17.56 and a beta of 1.11. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month high of $2.33.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter. The firm had revenue of $45.54 million during the quarter, compared to the consensus estimate of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Hedge Funds Weigh In On Kaltura

Several large investors have recently bought and sold shares of KLTR. SG Americas Securities LLC acquired a new position in Kaltura in the third quarter valued at $25,000. BNP Paribas Financial Markets boosted its stake in Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after acquiring an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Kaltura in the second quarter valued at $28,000. Citadel Advisors LLC purchased a new stake in shares of Kaltura in the third quarter valued at about $35,000. Finally, Acuitas Investments LLC purchased a new stake in shares of Kaltura in the first quarter valued at about $37,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KLTR shares. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kaltura currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Kaltura Company Profile

Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.