Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $484,932.14 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 259,322 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the transaction, the insider owned 1,809,537 shares of the company’s stock, valued at $3,383,834.19. The trade was a 12.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 27th, Natan Israeli sold 100 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $150.00.
• On Tuesday, June 16th, Natan Israeli sold 4,013 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $6,019.50.
• On Monday, June 15th, Natan Israeli sold 4,594 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $6,891.00.
• On Tuesday, June 2nd, Natan Israeli sold 16,631 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $25,279.12.
• On Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
• On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The shares were sold at an average price of $1.57, for a total value of $35,916.89.
• On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $20,108.08.
• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total value of $21,226.80.

Kaltura Stock Up 2.0%

Shares of Kaltura stock traded up $0.04 on Friday, hitting $1.75. The company’s stock had a trading volume of 464,742 shares, compared to its average volume of 600,534. The company has a market capitalization of $239.72 million, a P/E ratio of -19.28 and a beta of 1.15. Kaltura, Inc. has a 52-week low of $1.05 and a 52-week high of $2.05. The firm has a fifty day moving average price of $1.39 and a 200-day moving average price of $1.38.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $46.89 million during the quarter, compared to analysts’ expectations of $45.60 million.

Hedge Funds Weigh In On Kaltura

A number of hedge funds have recently made changes to their positions in KLTR. BNP Paribas Financial Markets grew its position in Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after acquiring an additional 7,184 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Kaltura by 10.7% in the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after purchasing an additional 7,760 shares during the period. Invesco Ltd. boosted its stake in shares of Kaltura by 21.4% in the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after purchasing an additional 8,157 shares during the period. Hsbc Holdings PLC grew its holdings in Kaltura by 27.9% during the 4th 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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Kaltura by 66.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after buying an additional 11,398 shares during the period. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

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