Natan Israeli Sells 13,229 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 13,229 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $1.52, for a total transaction of $20,108.08. Following the completion of the transaction, the insider owned 2,181,924 shares in the company, valued at approximately $3,316,524.48. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $21,226.80.
• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $43,611.82.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $1,661.00.

Kaltura Trading Down 3.3%

NASDAQ KLTR opened at $1.45 on Friday. The company’s 50-day moving average price is $1.29 and its 200-day moving average price is $1.45. The stock has a market cap of $218.04 million, a PE ratio of -14.50 and a beta of 1.11. Kaltura, Inc. has a 12 month low of $1.06 and a 12 month high of $2.28.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The company had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Kaltura in the 3rd quarter valued at about $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after buying an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Kaltura in the 2nd quarter valued at about $28,000. Citadel Advisors LLC bought a new stake in shares of Kaltura in the 3rd quarter valued at about $35,000. Finally, Acuitas Investments LLC bought a new stake in shares of Kaltura in the 1st quarter valued at about $37,000. 30.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on KLTR. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Wednesday, May 13th. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.