Natan Israeli Sells 9,829 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 9,829 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1.50, for a total value of $14,743.50. Following the sale, the insider owned 2,195,153 shares of the company’s stock, valued at approximately $3,292,729.50. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $43,611.82.
• 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 Up 1.7%

Shares of Kaltura stock traded up $0.03 during trading hours on Wednesday, reaching $1.54. 119,416 shares of the stock traded hands, compared to its average volume of 575,221. The company has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.45. The firm has a market capitalization of $230.83 million, a price-to-earnings ratio of -15.15 and a beta of 1.11. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.28.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KLTR. SG Americas Securities LLC purchased a new position in Kaltura in the 3rd quarter worth approximately $25,000. BNP Paribas Financial Markets lifted 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 worth $25,000 after purchasing an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Kaltura in the 2nd quarter worth approximately $28,000. Citadel Advisors LLC purchased a new position in Kaltura in the 3rd quarter worth approximately $35,000. Finally, Acuitas Investments LLC purchased a new position in Kaltura in the 1st quarter worth approximately $37,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KLTR has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set 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 investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kaltura has an average rating of “Hold” and a consensus target price 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.