Insider Selling: Kaltura (NASDAQ:KLTR) Director Sells 93,624 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Naama Halevi-Davidov sold 93,624 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $1.20, for a total value of $112,348.80. Following the completion of the transaction, the director directly owned 368,682 shares in the company, valued at $442,418.40. This represents a 20.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kaltura Price Performance

Shares of KLTR stock traded down $0.09 on Thursday, reaching $1.09. 713,791 shares of the company were exchanged, compared to its average volume of 611,124. Kaltura, Inc. has a one year low of $1.09 and a one year high of $2.33. The company has a 50-day moving average of $1.45 and a 200-day moving average of $1.54. The company has a market cap of $162.13 million, a price-to-earnings ratio of -13.63 and a beta of 1.06.

Kaltura (NASDAQ:KLTR) last posted its earnings results on Monday, March 16th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $45.54 million for the quarter, compared to analyst estimates of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in shares of Kaltura in the 2nd quarter worth about $28,000. SG Americas Securities LLC bought a new stake in Kaltura in the third quarter worth $25,000. BNP Paribas Financial Markets grew its position in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Kaltura by 276.9% during the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock valued at $41,000 after buying an additional 15,052 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Kaltura in the 4th quarter worth $38,000. Institutional investors own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KLTR. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kaltura currently has an average rating of “Hold” and an average price target of $3.00.

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.