Insider Selling: Kaltura (NASDAQ:KLTR) Director Sells 93,624 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Naama Halevi-Davidov sold 93,624 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $1.20, for a total transaction of $112,348.80. Following the sale, the director owned 368,682 shares in the company, valued at $442,418.40. This trade represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kaltura Trading Down 7.6%

Shares of Kaltura stock traded down $0.09 on Thursday, reaching $1.09. 713,791 shares of the company were exchanged, compared to its average volume of 611,124. The stock has a fifty day moving average price of $1.45 and a 200-day moving average price of $1.54. The firm has a market capitalization of $162.13 million, a price-to-earnings ratio of -13.63 and a beta of 1.06. Kaltura, Inc. has a fifty-two week low of $1.09 and a fifty-two week high of $2.33.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Monday, March 16th. The company reported $0.03 earnings per share for the quarter. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%. The firm had revenue of $45.54 million for the quarter, compared to analyst estimates of $45.35 million.

Hedge Funds Weigh In On Kaltura

Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp bought a new position in shares of Kaltura in the fourth quarter worth $81,000. Millennium Management LLC lifted its stake in Kaltura by 21.0% in the 4th quarter. Millennium Management LLC now owns 306,251 shares of the company’s stock valued at $502,000 after purchasing an additional 53,251 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Kaltura by 9.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 294,700 shares of the company’s stock valued at $483,000 after acquiring an additional 25,000 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kaltura by 34.0% during the fourth quarter. AQR Capital Management LLC now owns 126,109 shares of the company’s stock valued at $207,000 after purchasing an additional 32,024 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Kaltura by 5.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after acquiring an additional 83,792 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLTR has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Kaltura in a research note on Monday, December 29th. Finally, Wall Street Zen raised Kaltura from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.