Kaltura (NASDAQ:KLTR) Director Eyal Manor Sells 20,795 Shares

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 20,795 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1.58, for a total transaction of $32,856.10. Following the completion of the transaction, the director owned 249,965 shares in the company, valued at approximately $394,944.70. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, August 28th, Eyal Manor sold 993 shares of Kaltura stock. The stock was sold at an average price of $1.60, for a total transaction of $1,588.80.
• On Wednesday, August 26th, Eyal Manor sold 21,638 shares of Kaltura stock. The shares were sold at an average price of $1.53, for a total transaction of $33,106.14.
• 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 shares were sold at an average price of $1.29, for a total value of $11,384.25.
• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The stock was sold at an average price of $1.30, for a total value of $44,981.30.

Kaltura Stock Down 1.3%

KLTR opened at $1.58 on Tuesday. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.05. The business has a fifty day simple moving average of $1.45 and a 200-day simple moving average of $1.39. The firm has a market cap of $241.03 million, a P/E ratio of -17.55 and a beta of 1.15.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KLTR. BNP Paribas Financial Markets raised its position in Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares in the last quarter. Rhumbline Advisers grew its position in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after buying an additional 7,760 shares in the last quarter. Invesco Ltd. grew its position in shares of Kaltura by 21.4% during the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after buying an additional 8,157 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Kaltura by 27.9% during the fourth quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after buying an additional 8,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Kaltura by 66.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after buying an additional 11,398 shares during the period. 30.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KLTR has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, 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.