Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $168,829.95 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 83,995 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $2.01, for a total transaction of $168,829.95. Following the completion of the transaction, the insider owned 2,072,527 shares in the company, valued at $4,165,779.27. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 shares were sold at an average price of $1.40, for a total value 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 value of $14,303.80.
• 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 shares were 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 stock was 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.

Kaltura Price Performance

Shares of NASDAQ:KLTR opened at $1.75 on Monday. The company has a market capitalization of $266.96 million, a price-to-earnings ratio of -19.44 and a beta of 1.15. The firm’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.38. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%. The firm had revenue of $46.89 million during the quarter, compared to analysts’ expectations of $45.60 million.

Wall Street Analyst Weigh In

A number of analysts recently commented on KLTR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. One 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, Kaltura presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position 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 acquiring an additional 7,184 shares in the last quarter. Rhumbline Advisers lifted its position in Kaltura by 10.7% in the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after acquiring an additional 7,760 shares in the last quarter. Invesco Ltd. lifted its position in Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after acquiring an additional 8,157 shares in the last quarter. Hsbc Holdings PLC boosted its stake 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 purchasing an additional 8,901 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Kaltura by 66.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after purchasing an additional 11,398 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.