Kaltura (NASDAQ:KLTR) Director Eyal Manor Sells 21,638 Shares

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 21,638 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1.53, for a total value of $33,106.14. Following the sale, the director directly owned 270,760 shares in the company, valued at $414,262.80. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The shares were sold at an average price of $1.92, for a total value of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The stock was sold at an average price of $1.29, for a total transaction of $11,384.25.
• 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 Price Performance

KLTR stock opened at $1.60 on Friday. Kaltura, Inc. has a 52-week low of $1.05 and a 52-week high of $2.05. The firm has a market cap of $244.08 million, a P/E ratio of -17.78 and a beta of 1.15. The company’s 50-day simple moving average is $1.45 and its 200-day simple moving average is $1.39.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.

Institutional Trading of Kaltura

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in shares of Kaltura during the 2nd quarter worth $197,000. Hsbc Holdings PLC acquired a new position in shares of Kaltura during the 2nd quarter valued at about $46,000. S Squared Technology LLC purchased a new stake in shares of Kaltura in the second quarter valued at about $2,525,645. Globeflex Capital L P purchased a new stake in shares of Kaltura in the second quarter valued at about $676,000. Finally, Ieq Capital LLC acquired a new stake in Kaltura during the second quarter worth about $126,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on KLTR. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kaltura presently has an average rating of “Hold” and an average target price 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.