Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $43,611.82 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 28,882 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $1.51, for a total transaction of $43,611.82. Following the completion of the transaction, the insider owned 2,214,249 shares of the company’s stock, valued at approximately $3,343,515.99. This trade represents a 1.29% 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.

Natan Israeli also recently made the following trade(s):

• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $9,564.34.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total transaction of $1,661.00.

Kaltura Price Performance

Shares of KLTR opened at $1.53 on Thursday. Kaltura, Inc. has a 1-year low of $1.06 and a 1-year high of $2.28. The stock has a market cap of $230.07 million, a PE ratio of -15.30 and a beta of 1.11. The firm has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.45.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The business had revenue of $44.63 million during the quarter, compared to analysts’ expectations of $43.00 million.

Institutional Investors Weigh In On Kaltura

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Kaltura by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock worth $798,000 after purchasing an additional 14,300 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of Kaltura during the 1st quarter worth about $122,000. Hsbc Holdings PLC boosted its stake in shares of Kaltura by 69.2% during the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock worth $85,000 after purchasing an additional 28,194 shares during the last quarter. Acuitas Investments LLC acquired a new stake in shares of Kaltura during the 1st quarter worth about $37,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Kaltura during the 4th quarter worth about $81,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KLTR shares. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.