Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 8,254 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 8,254 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1.41, for a total value of $11,638.14. Following the transaction, the insider directly owned 2,248,054 shares in the company, valued at approximately $3,169,756.14. This represents a 0.37% decrease in their position. The transaction 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 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 transaction 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 transaction 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 transaction 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 transaction of $11,340.36.
• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total transaction of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The shares were sold at an average price of $1.47, for a total transaction of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The shares were sold at an average price of $1.45, for a total value of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $46,724.38.

Kaltura Stock Up 1.4%

KLTR stock opened at $1.42 on Thursday. The business’s fifty day moving average is $1.35 and its 200-day moving average is $1.44. The company has a market cap of $213.54 million, a P/E ratio of -14.20 and a beta of 1.14. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month high of $2.18.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $44.63 million for 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%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KLTR. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kaltura currently has an average rating of “Hold” and a consensus target price of $3.00.

Institutional Trading of Kaltura

Hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new stake in Kaltura during the 2nd quarter worth $28,000. BNP Paribas Financial Markets raised its holdings in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after buying an additional 7,184 shares during the period. Tower Research Capital LLC TRC raised its holdings in Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after buying an additional 15,052 shares during the period. EntryPoint Capital LLC acquired a new stake in Kaltura during the 4th quarter worth approximately $38,000. Finally, NewEdge Advisors LLC acquired a new stake in Kaltura during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.