Kaltura (NASDAQ:KLTR) Director Eyal Manor Sells 34,601 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 34,601 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $1.30, for a total value of $44,981.30. Following the transaction, the director directly owned 439,366 shares in the company, valued at approximately $571,175.80. This represents a 7.30% decrease in their ownership of the stock. The sale 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.

Kaltura Trading Down 0.3%

Shares of KLTR traded down $0.00 during mid-day trading on Monday, reaching $1.29. The company’s stock had a trading volume of 82,164 shares, compared to its average volume of 542,495. The stock has a market cap of $193.39 million, a PE ratio of -12.95 and a beta of 1.14. The company’s fifty day moving average price is $1.41 and its two-hundred day moving average price is $1.43. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.06.

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

Institutional Trading of Kaltura

Several large investors have recently bought and sold shares of KLTR. Cubist Systematic Strategies LLC lifted its stake in shares of Kaltura by 69.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock valued at $116,000 after purchasing an additional 25,352 shares during the period. AQR Capital Management LLC raised its holdings in Kaltura by 99.7% in the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock worth $94,000 after purchasing an additional 25,083 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Kaltura during the first quarter valued at $128,000. Jane Street Group LLC bought a new stake in shares of Kaltura during the 1st quarter valued at $90,000. Finally, 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 worth $151,000 after buying an additional 7,760 shares during the period. 30.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on KLTR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company 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.