Eyal Manor Sells 8,825 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 8,825 shares of Kaltura stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1.29, for a total transaction of $11,384.25. Following the completion of the sale, the director owned 430,541 shares of the company’s stock, valued at $555,397.89. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eyal Manor also recently made the following trade(s):

• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The shares were sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Trading Up 2.8%

Shares of NASDAQ KLTR traded up $0.04 during midday trading on Tuesday, reaching $1.29. The company had a trading volume of 73,209 shares, compared to its average volume of 541,011. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.06. The business’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.42. The stock has a market cap of $194.74 million, a P/E ratio of -12.98 and a beta of 1.14.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its stake in shares of Kaltura by 69.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after purchasing an additional 25,352 shares during the period. AQR Capital Management LLC boosted its holdings in Kaltura by 99.7% during the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock worth $94,000 after buying an additional 25,083 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Kaltura during the first quarter worth $128,000. Jane Street Group LLC acquired a new stake in Kaltura during the first quarter valued at $90,000. Finally, Rhumbline Advisers grew its position in Kaltura by 10.7% during the first 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 period. 30.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus 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.