Kaltura (NASDAQ:KLTR) Stock: Insider Nexus India Capital Ii Lp Sells 31,897 Shares

Kaltura, Inc. (NASDAQ:KLTR) major shareholder Nexus India Capital Ii Lp sold 31,897 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $1.52, for a total value of $48,483.44. Following the transaction, the insider owned 15,995,290 shares in the company, valued at $24,312,840.80. This trade represents a 0.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Nexus India Capital Ii Lp also recently made the following trade(s):

• On Tuesday, November 10th, Nexus India Capital Ii Lp sold 26,670 shares of Kaltura stock. The stock was sold at an average price of $1.64, for a total transaction of $43,738.80.

Kaltura Price Performance

NASDAQ KLTR traded down $0.02 on Friday, hitting $1.37. The company had a trading volume of 150,867 shares, compared to its average volume of 494,879. The company has a market capitalization of $211.09 million, a PE ratio of -17.12 and a beta of 1.24. The company’s fifty day moving average price is $1.40 and its 200-day moving average price is $1.40. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.05.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Monday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $47.27 million for the quarter, compared to analyst estimates of $46.10 million. Kaltura had a negative net margin of 6.18% and a negative return on equity of 67.69%.

Institutional Investors Weigh In On Kaltura

A number of hedge funds have recently modified their holdings of KLTR. Empowered Funds LLC purchased a new position in shares of Kaltura in the third quarter worth about $192,000. Gabelli Funds LLC purchased a new stake in Kaltura during the 3rd quarter valued at about $33,000. Russell Investments Group Ltd. grew its stake in Kaltura by 32.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,678,161 shares of the company’s stock valued at $2,148,000 after acquiring an additional 407,648 shares in the last quarter. Gagnon Advisors LLC grew its stake in Kaltura by 76.0% during the 3rd quarter. Gagnon Advisors LLC now owns 2,487,034 shares of the company’s stock valued at $3,183,000 after acquiring an additional 1,074,024 shares in the last quarter. Finally, Gagnon Securities LLC raised its holdings in Kaltura by 40.6% in the 3rd quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company’s stock valued at $5,878,000 after acquiring an additional 1,324,799 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a report on Sunday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.00.

About Kaltura

Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company’s offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura’s technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.