Kaltura (NASDAQ:KLTR) Insider Sells 259,322 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 259,322 shares of Kaltura stock in a transaction that occurred 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 sale, the insider owned 1,809,537 shares in the company, valued at $3,383,834.19. This represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was sold at an average price of $1.50, for a total value 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 value 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 stock was 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 shares were 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 stock was 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 transaction of $21,226.80.

Kaltura Stock Up 2.0%

KLTR stock traded up $0.04 during trading on Friday, hitting $1.75. 464,742 shares of the company’s stock traded hands, compared to its average volume of 600,534. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.05. The stock has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.38. The stock has a market capitalization of $239.72 million, a price-to-earnings ratio of -19.28 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last posted its quarterly 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. The company had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 40.54%.

Institutional Trading of Kaltura

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Kaltura during the second quarter worth about $7,792,000. Tocqueville Asset Management L.P. lifted its holdings in Kaltura by 69.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock valued at $2,019,000 after acquiring an additional 575,000 shares during the last quarter. S Squared Technology LLC boosted its position in shares of Kaltura by 39.6% during the 4th quarter. S Squared Technology LLC now owns 1,316,323 shares of the company’s stock valued at $2,159,000 after purchasing an additional 373,149 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Kaltura by 63.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock worth $1,843,000 after purchasing an additional 355,358 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Kaltura in the 2nd quarter worth approximately $358,000. 30.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KLTR has been the subject of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kaltura presently has an average rating of “Hold” and a consensus 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.