Kaltura (NASDAQ:KLTR) Insider Sells $18,388.09 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 12,341 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $1.49, for a total transaction of $18,388.09. Following the completion of the sale, the insider directly owned 2,030,000 shares of the company’s stock, valued at approximately $3,024,700. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Eynav Azaria also recently made the following trade(s):

• On Wednesday, September 9th, Eynav Azaria sold 10,078 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total transaction of $14,915.44.
• On Thursday, September 3rd, Eynav Azaria sold 9,866 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $15,094.98.
• On Friday, September 4th, Eynav Azaria sold 8,176 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $12,345.76.
• On Wednesday, September 2nd, Eynav Azaria sold 7,816 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $11,802.16.
• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The shares were sold at an average price of $1.54, for a total value of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The shares were sold at an average price of $2.01, for a total value of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total value of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total value of $3,887.80.
• On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $14,303.80.

Kaltura Price Performance

KLTR stock opened at $1.41 on Friday. The company has a market capitalization of $215.10 million, a price-to-earnings ratio of -15.66 and a beta of 1.18. The business has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.39. Kaltura, Inc. has a 1-year low of $1.05 and a 1-year high of $2.05.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $45.60 million.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KLTR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaltura currently has a consensus rating of “Hold” and an average target price of $3.00.

Institutional Investors Weigh In On Kaltura

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew 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 acquiring an additional 7,184 shares during the last quarter. Rhumbline Advisers lifted 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 purchasing an additional 7,760 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Kaltura by 21.4% during the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after purchasing an additional 8,157 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Kaltura by 27.9% during the fourth quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock valued at $67,000 after purchasing an additional 8,901 shares during the period. Finally, The Manufacturers Life Insurance Company boosted 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 valued at $47,000 after purchasing an additional 11,398 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

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.