Kaltura (NASDAQ:KLTR) Stock: Insider Nexus India Capital Ii Lp Sells 31,897 Shares

Kaltura, Inc. (NASDAQ:KLTR) major shareholder Nexus India Capital Ii Lp sold 31,897 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $1.52, for a total transaction of $48,483.44. Following the completion of the sale, the insider directly owned 15,995,290 shares of the company’s stock, valued at approximately $24,312,840.80. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Nexus India Capital Ii Lp also recently made the following trade(s):

• On Tuesday, November 10th, Nexus India Capital Ii Lp sold 26,670 shares of Kaltura stock. The stock was sold at an average price of $1.64, for a total transaction of $43,738.80.

Kaltura Stock Performance

Shares of NASDAQ KLTR traded down $0.02 during midday trading on Friday, reaching $1.37. 150,867 shares of the stock were exchanged, compared to its average volume of 260,333. The stock has a market capitalization of $211.09 million, a P/E ratio of -17.12 and a beta of 1.24. The company has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.40. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Monday, November 9th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $47.27 million for the quarter, compared to analysts’ expectations of $46.10 million. Kaltura had a negative return on equity of 67.69% and a negative net margin of 6.18%.

Institutional Investors Weigh In On Kaltura

A number of institutional investors have recently made changes to their positions in KLTR. Empowered Funds LLC purchased a new stake in shares of Kaltura in the 3rd quarter valued at approximately $192,000. Gabelli Funds LLC purchased a new position in shares of Kaltura during the 3rd quarter worth approximately $33,000. Russell Investments Group Ltd. boosted its position in shares of Kaltura by 32.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,678,161 shares of the company’s stock worth $2,148,000 after purchasing an additional 407,648 shares during the period. Gagnon Advisors LLC increased its holdings in Kaltura by 76.0% in the 3rd quarter. Gagnon Advisors LLC now owns 2,487,034 shares of the company’s stock valued at $3,183,000 after purchasing an additional 1,074,024 shares during the last quarter. Finally, Gagnon Securities LLC increased its holdings in Kaltura by 40.6% in the 3rd quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company’s stock valued at $5,878,000 after purchasing an additional 1,324,799 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KLTR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a report on Sunday, November 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kaltura presently has an average rating of “Hold” and an average price target of $3.00.

About Kaltura

Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company’s offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura’s technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.