Eyal Manor Sells 138,143 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 138,143 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total value of $265,234.56. Following the completion of the sale, the director owned 292,398 shares in the company, valued at approximately $561,404.16. This represents a 32.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 value of $44,981.30.

Kaltura Trading Up 2.0%

Shares of KLTR stock traded up $0.04 during mid-day trading on Friday, reaching $1.75. The stock had a trading volume of 464,742 shares, compared to its average volume of 600,534. The company has a market cap of $239.72 million, a P/E ratio of -19.50 and a beta of 1.15. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.05. The business has a 50-day simple moving average of $1.39 and a 200 day simple moving average of $1.38.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kaltura had a negative net margin of 6.92% and a negative return on equity of 40.54%. The firm had revenue of $46.89 million for the quarter, compared to analysts’ expectations of $45.60 million.

Institutional Trading of Kaltura

A number of hedge funds have recently added to or reduced their stakes in KLTR. BNP Paribas Financial Markets grew its holdings 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 buying an additional 7,184 shares during the period. Rhumbline Advisers boosted its position in shares of Kaltura by 10.7% in the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after acquiring an additional 7,760 shares during the last quarter. Invesco Ltd. boosted its position in shares of Kaltura by 21.4% in the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after acquiring an additional 8,157 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Kaltura by 27.9% in 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 increased its position in 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 purchasing an additional 11,398 shares during the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KLTR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.00.

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.