Kaltura (NASDAQ:KLTR) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Kaltura, Inc. (NASDAQ:KLTR) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.43 and traded as high as $1.48. Kaltura shares last traded at $1.47, with a volume of 271,028 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KLTR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a research report on Friday, September 11th. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kaltura currently has an average rating of “Hold” and an average price target of $3.00.

Kaltura Stock Performance

The company has a market cap of $228.82 million, a PE ratio of -16.66 and a beta of 1.20. The firm’s 50-day simple moving average is $1.43 and its two-hundred day simple moving average is $1.40.

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

Insider Transactions at Kaltura

In other news, insider Natan Israeli sold 259,322 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the transaction, the insider directly owned 1,809,537 shares in the company, valued at $3,383,834.19. This trade represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eyal Manor sold 138,143 shares of Kaltura stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total value of $265,234.56. Following the sale, the director directly owned 292,398 shares of the company’s stock, valued at $561,404.16. This trade represents a 32.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 633,638 shares of company stock worth $1,145,464 over the last three months. 16.30% of the stock is currently owned by insiders.

Institutional Trading of Kaltura

Several institutional investors and hedge funds have recently bought and sold shares of the business. S Squared Technology LLC acquired a new position in Kaltura during the second quarter valued at $2,525,645. BlackRock Inc. purchased a new stake in Kaltura in the second quarter valued at $7,792,000. Globeflex Capital L P acquired a new stake in Kaltura during the 2nd quarter worth about $676,000. Hsbc Holdings PLC acquired a new stake in Kaltura during the 2nd quarter worth about $46,000. Finally, Ieq Capital LLC purchased a new position in shares of Kaltura during the 2nd quarter valued at about $126,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

About Kaltura

Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.

The company’s offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.