Eynav Azaria Sells 7,412 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,412 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1.53, for a total value of $11,340.36. Following the sale, the insider directly owned 2,275,726 shares in the company, valued at $3,481,860.78. This trade represents a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total value of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The stock was sold at an average price of $1.47, for a total value of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The shares were sold at an average price of $1.45, for a total value of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $46,724.38.

Kaltura Price Performance

Kaltura stock traded down $0.06 during trading hours on Wednesday, reaching $1.46. The stock had a trading volume of 73,966 shares, compared to its average volume of 560,723. The company has a market cap of $219.55 million, a price-to-earnings ratio of -14.60 and a beta of 1.14. The business’s 50 day moving average price is $1.32 and its 200-day moving average price is $1.45. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.28.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%.

Hedge Funds Weigh In On Kaltura

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Kaltura by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock worth $7,215,000 after purchasing an additional 79,633 shares in the last quarter. Geode Capital Management LLC increased its stake in Kaltura by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock valued at $3,352,000 after purchasing an additional 122,548 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Kaltura by 5.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock valued at $2,796,000 after purchasing an additional 83,792 shares in the last quarter. State Street Corp raised its holdings in shares of Kaltura by 9.2% in the fourth quarter. State Street Corp now owns 1,598,453 shares of the company’s stock worth $2,621,000 after buying an additional 135,092 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in shares of Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock worth $2,019,000 after buying an additional 575,000 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on KLTR shares. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.