Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $11,340.36 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,412 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1.53, for a total value of $11,340.36. Following the transaction, the insider directly owned 2,275,726 shares of the company’s stock, valued at $3,481,860.78. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The shares were sold at an average price of $1.49, for a total value of $648.15.
• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The shares were sold at an average price of $1.47, for a total value of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total value of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The shares were sold at an average price of $1.45, for a total value of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $46,724.38.

Kaltura Stock Performance

NASDAQ KLTR opened at $1.39 on Friday. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.26. The stock has a 50-day moving average of $1.34 and a 200 day moving average of $1.44. The company has a market capitalization of $209.03 million, a price-to-earnings ratio of -13.90 and a beta of 1.14.

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

Institutional Trading of Kaltura

A number of large investors have recently added to or reduced their stakes in KLTR. BNP Paribas Financial Markets increased its position in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Kaltura by 7.4% during the third quarter. GSA Capital Partners LLP now owns 111,532 shares of the company’s stock worth $161,000 after purchasing an additional 7,695 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after purchasing an additional 7,760 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after buying an additional 8,157 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after buying an additional 8,901 shares during the period. Institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.00.

About Kaltura

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.