Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 19,456 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 19,456 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1.48, for a total value of $28,794.88. Following the completion of the sale, the insider directly owned 2,195,818 shares of the company’s stock, valued at approximately $3,249,810.64. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total value of $17,868.04.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $11,765.04.
• On Tuesday, June 9th, Eynav Azaria sold 6,975 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $9,834.75.
• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,638.14.
• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The shares were sold at an average price of $1.44, for a total value of $23,353.92.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The shares were sold at an average price of $1.43, for a total value of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The shares were sold at an average price of $1.49, for a total value of $648.15.
• On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The shares were sold at an average price of $1.53, for a total value of $11,340.36.

Kaltura Stock Performance

Shares of NASDAQ KLTR opened at $1.41 on Thursday. The firm has a market cap of $212.04 million, a price-to-earnings ratio of -14.10 and a beta of 1.14. The business’s 50-day simple moving average is $1.37 and its 200-day simple moving average is $1.44. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.12.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.01 EPS for the quarter. The business had revenue of $44.63 million for the quarter, compared to analyst estimates of $43.00 million. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday. Finally, Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Trading of Kaltura

Several hedge funds have recently added to or reduced their stakes in KLTR. Cubist Systematic Strategies LLC boosted its stake in Kaltura by 69.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock valued at $116,000 after purchasing an additional 25,352 shares during the period. AQR Capital Management LLC boosted its stake in Kaltura by 99.7% during the 1st quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock valued at $94,000 after purchasing an additional 25,083 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kaltura in the 1st quarter worth approximately $128,000. Jane Street Group LLC acquired a new stake in shares of Kaltura during the 1st quarter worth approximately $90,000. Finally, Rhumbline Advisers grew its holdings in shares of Kaltura by 10.7% during the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after purchasing an additional 7,760 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

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.