Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $25,279.12 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 16,631 shares of Kaltura stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1.52, for a total value of $25,279.12. Following the completion of the transaction, the insider owned 2,077,766 shares in the company, valued at $3,158,204.32. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $300.00.
• On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The shares were sold at an average price of $1.57, for a total value of $35,916.89.
• On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $20,108.08.
• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $21,226.80.
• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value 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 value of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $43,611.82.

Kaltura Price Performance

Shares of KLTR opened at $1.39 on Friday. The company has a market capitalization of $209.03 million, a P/E ratio of -13.90 and a beta of 1.14. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.26. The business’s 50 day simple moving average is $1.34 and its 200-day simple moving average is $1.44.

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

Hedge Funds Weigh In On Kaltura

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Kaltura by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock worth $7,215,000 after buying an additional 79,633 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kaltura by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock worth $3,352,000 after buying an additional 122,548 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Kaltura by 5.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after buying an additional 83,792 shares during the last quarter. State Street Corp boosted its stake in shares of Kaltura by 9.2% during the 4th quarter. State Street Corp now owns 1,598,453 shares of the company’s stock worth $2,621,000 after buying an additional 135,092 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of Kaltura by 69.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock worth $2,019,000 after buying an additional 575,000 shares during the last quarter. Institutional investors own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KLTR. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.