Natan Israeli Sells 259,322 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 259,322 shares of Kaltura stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total transaction of $484,932.14. Following the transaction, the insider owned 1,809,537 shares in the company, valued at approximately $3,383,834.19. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Natan Israeli also recently made the following trade(s):

• On Monday, July 27th, Natan Israeli sold 100 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $150.00.
• On Tuesday, June 16th, Natan Israeli sold 4,013 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $6,019.50.
• On Monday, June 15th, Natan Israeli sold 4,594 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $6,891.00.
• On Tuesday, June 2nd, Natan Israeli sold 16,631 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total value of $25,279.12.
• On Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
• On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The shares were sold at an average price of $1.57, for a total value of $35,916.89.
• On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $20,108.08.
• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $21,226.80.

Kaltura Stock Performance

Shares of NASDAQ:KLTR opened at $1.75 on Friday. The firm has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.38. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05. The firm has a market cap of $266.96 million, a price-to-earnings ratio of -19.44 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 40.54%.

Institutional Investors Weigh In On Kaltura

Several large investors have recently added to or reduced their stakes in KLTR. BlackRock Inc. bought a new stake in shares of Kaltura in the 2nd quarter valued at approximately $7,792,000. Deutsche Bank AG purchased a new position in Kaltura during the second quarter worth $94,000. Bank of New York Mellon Corp bought a new position in Kaltura during the second quarter valued at $358,000. State of Wyoming purchased a new stake in shares of Kaltura in the second quarter valued at $109,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Kaltura by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock worth $798,000 after acquiring an additional 14,300 shares during the last quarter. 30.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KLTR has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.00.

About Kaltura

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.