Eynav Azaria Sells 8,344 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 8,344 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $1.41, for a total value of $11,765.04. Following the transaction, the insider directly owned 2,232,735 shares of the company’s stock, valued at approximately $3,148,156.35. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $17,868.04.
• On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $28,794.88.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $5,948.79.
• On Tuesday, June 9th, Eynav Azaria sold 6,975 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $9,834.75.
• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,638.14.
• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The shares were sold at an average price of $1.44, for a total value of $23,353.92.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The shares were sold at an average price of $1.43, for a total value of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total value of $648.15.
• On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total value of $11,340.36.

Kaltura Price Performance

Kaltura stock opened at $1.41 on Thursday. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.12. The business has a fifty day moving average price of $1.37 and a 200-day moving average price of $1.44. The firm has a market capitalization of $212.04 million, a P/E ratio of -14.10 and a beta of 1.14.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results 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 firm had revenue of $44.63 million during the quarter, compared to analyst estimates of $43.00 million.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KLTR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday. Finally, Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On Kaltura

Several large investors have recently added to or reduced their stakes in KLTR. Cubist Systematic Strategies LLC boosted its stake in Kaltura by 69.6% during the first quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock valued at $116,000 after buying an additional 25,352 shares during the period. AQR Capital Management LLC boosted its stake in Kaltura by 99.7% during the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock valued at $94,000 after buying an additional 25,083 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Kaltura during the first quarter valued at $128,000. Jane Street Group LLC bought a new stake in Kaltura during the first quarter valued at $90,000. Finally, Rhumbline Advisers boosted its stake in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after buying an additional 7,760 shares during the period. Institutional investors own 30.79% of the company’s stock.

Kaltura News Summary

Here are the key news stories impacting Kaltura this week:

• Negative Sentiment: Eynav Azaria sold shares on multiple recent dates, including 19,456 shares on June 15, 13,242 shares on June 12, 8,344 shares on June 10, and several additional sales earlier in the month. The repeated selling may be viewed by investors as a bearish signal for KLTR. Article Title
• Negative Sentiment: Natan Israeli also sold shares twice this week, including 4,594 shares on June 15 and 4,013 shares on June 16. Even though the trades were planned in advance, continued insider selling can create near-term downside pressure. Article Title
• Neutral Sentiment: The sales were made under Rule 10b5-1 trading plans, which reduces concern that the transactions were prompted by a sudden change in company outlook. Article Title
• Neutral Sentiment: Kaltura recently reported earnings that beat revenue estimates and posted $0.01 EPS, so there is still some fundamental support for the stock despite the insider activity. Article Title

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.