Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 10,217 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 10,217 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $1.40, for a total transaction of $14,303.80. Following the completion of the transaction, the insider directly owned 2,169,080 shares of the company’s stock, valued at approximately $3,036,712. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, June 17th, Eynav Azaria sold 4,448 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total value of $6,360.64.
• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total value of $17,868.04.
• On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $28,794.88.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,765.04.
• On Tuesday, June 9th, Eynav Azaria sold 6,975 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $9,834.75.
• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $11,638.14.
• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The stock was 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 stock was sold at an average price of $1.43, for a total transaction of $3,953.95.

Kaltura Price Performance

KLTR traded down $0.07 during trading on Monday, hitting $1.33. The company had a trading volume of 108,085 shares, compared to its average volume of 538,740. Kaltura, Inc. has a 1-year low of $1.05 and a 1-year high of $2.07. The company has a market cap of $200.76 million, a PE ratio of -13.35 and a beta of 1.14. The business has a 50-day moving average of $1.39 and a 200-day moving average of $1.44.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share 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 during the quarter, compared to analyst estimates of $43.00 million.

Hedge Funds Weigh In On Kaltura

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew 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 valued at $25,000 after purchasing an additional 7,184 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Kaltura during the 2nd quarter valued at approximately $28,000. Citadel Advisors LLC acquired a new position in Kaltura during the 3rd quarter valued at approximately $35,000. Acuitas Investments LLC bought a new position in Kaltura during the 1st quarter worth $37,000. Finally, EntryPoint Capital LLC acquired a new stake in Kaltura in the fourth quarter worth $38,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.