Kaltura (NASDAQ:KLTR) Insider Sells $43,611.82 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 28,882 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $1.51, for a total value of $43,611.82. Following the completion of the sale, the insider directly owned 2,214,249 shares of the company’s stock, valued at $3,343,515.99. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $1,661.00.

Kaltura Stock Performance

KLTR opened at $1.46 on Monday. Kaltura, Inc. has a 1-year low of $1.06 and a 1-year high of $2.28. The stock has a market capitalization of $219.55 million, a price-to-earnings ratio of -14.60 and a beta of 1.11. The business has a 50 day moving average of $1.29 and a 200-day moving average of $1.45.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KLTR. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KLTR. SG Americas Securities LLC bought a new position in Kaltura in the third quarter worth $25,000. BNP Paribas Financial Markets lifted its position in Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after purchasing an additional 7,184 shares during the period. Qube Research & Technologies Ltd bought a new position in Kaltura in the second quarter worth $28,000. Citadel Advisors LLC bought a new position in Kaltura in the third quarter worth $35,000. Finally, Acuitas Investments LLC bought a new position in Kaltura in the first quarter worth $37,000. 30.79% of the stock is owned by institutional investors.

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.