Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells 12,341 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 12,341 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1.49, for a total value of $18,388.09. Following the completion of the transaction, the insider directly owned 2,030,000 shares in the company, valued at approximately $3,024,700. This represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eynav Azaria also recently made the following trade(s):

• On Wednesday, September 9th, Eynav Azaria sold 10,078 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total value of $14,915.44.
• On Thursday, September 3rd, Eynav Azaria sold 9,866 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total value of $15,094.98.
• On Friday, September 4th, Eynav Azaria sold 8,176 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $12,345.76.
• On Wednesday, September 2nd, Eynav Azaria sold 7,816 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $11,802.16.
• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The shares were sold at an average price of $1.54, for a total value of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The stock was sold at an average price of $2.01, for a total value of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total value of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $3,887.80.
• On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $14,303.80.

Kaltura Stock Performance

Shares of KLTR opened at $1.46 on Thursday. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05. The firm has a market cap of $222.72 million, a price-to-earnings ratio of -16.22 and a beta of 1.18. The firm has a 50 day moving average price of $1.48 and a 200-day moving average price of $1.39.

Kaltura (NASDAQ:KLTR) last released its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%.

Analyst Ratings Changes

Several research analysts have recently commented on KLTR shares. Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaltura presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Kaltura

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Kaltura by 70.3% during the third 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 during the period. Rhumbline Advisers increased its holdings in Kaltura by 10.7% during the 1st 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. raised its position in Kaltura by 21.4% during the 2nd 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 last quarter. Hsbc Holdings PLC lifted its holdings in Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after buying an additional 8,901 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Kaltura by 66.2% in 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. 30.79% of the stock is owned by institutional investors.

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.