Kaltura (NASDAQ:KLTR) Director Sells $11,384.25 in Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 8,825 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1.29, for a total value of $11,384.25. Following the sale, the director directly owned 430,541 shares of the company’s stock, valued at approximately $555,397.89. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eyal Manor also recently made the following trade(s):

• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The shares were sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Stock Down 3.1%

Kaltura stock opened at $1.26 on Friday. The stock has a market capitalization of $172.10 million, a PE ratio of -12.60 and a beta of 1.16. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.06. The company has a 50 day moving average of $1.41 and a 200-day moving average of $1.42.

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

Analysts Set New Price Targets

A number of analysts have recently commented on KLTR shares. Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. Finally, Wall Street Zen downgraded 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.00.

Institutional Investors Weigh In On Kaltura

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 raised its holdings in Kaltura by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock worth $3,352,000 after acquiring an additional 122,548 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Kaltura by 5.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after acquiring an additional 83,792 shares in the last quarter. State Street Corp boosted its position in Kaltura by 9.2% during the fourth quarter. State Street Corp now owns 1,598,453 shares of the company’s stock valued at $2,621,000 after purchasing an additional 135,092 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock valued at $2,019,000 after purchasing an additional 575,000 shares during the last quarter. 30.79% of the stock is owned by institutional investors.

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.