Kaltura (NASDAQ:KLTR) Insider Sells 10,078 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 10,078 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $1.48, for a total transaction of $14,915.44. Following the completion of the transaction, the insider directly owned 2,019,922 shares of the company’s stock, valued at approximately $2,989,484.56. The trade was a 0.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 8th, Eynav Azaria sold 12,341 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total transaction of $18,388.09.
• On Thursday, September 3rd, Eynav Azaria sold 9,866 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $15,094.98.
• On Friday, September 4th, Eynav Azaria sold 8,176 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $12,345.76.
• On Wednesday, September 2nd, Eynav Azaria sold 7,816 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total transaction of $11,802.16.
• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The stock was sold at an average price of $1.54, for a total transaction of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The shares were sold at an average price of $2.01, for a total value of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The shares were sold at an average price of $1.42, for a total value of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $3,887.80.
• On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $14,303.80.

Kaltura Stock Performance

Shares of KLTR opened at $1.46 on Thursday. The stock has a 50-day simple moving average of $1.48 and a 200-day simple moving average of $1.39. The stock has a market capitalization of $222.72 million, a PE ratio of -16.22 and a beta of 1.18. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.05.

Kaltura (NASDAQ:KLTR) last released its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%.

Institutional Trading of Kaltura

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLTR. BNP Paribas Financial Markets lifted 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 worth $25,000 after buying an additional 7,184 shares during the last quarter. Rhumbline Advisers grew its position in shares of Kaltura by 10.7% in the 1st 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 last quarter. Invesco Ltd. grew its position in shares of Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after buying an additional 8,157 shares during the last quarter. Hsbc Holdings PLC raised its stake in Kaltura by 27.9% during the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after acquiring an additional 8,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Kaltura by 66.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after buying an additional 11,398 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KLTR. Wall Street Zen raised shares of Kaltura from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kaltura has an average rating of “Hold” and a consensus price target 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.