Kaltura (NASDAQ:KLTR) Insider Sells 7,816 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,816 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $1.51, for a total value of $11,802.16. Following the completion of the sale, the insider directly owned 2,060,383 shares of the company’s stock, valued at approximately $3,111,178.33. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The stock was sold at an average price of $1.54, for a total transaction of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The shares were sold at an average price of $2.01, for a total value of $168,829.95.
• 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 value of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value 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 shares were 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 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 stock was sold at an average price of $1.41, for a total transaction of $18,671.22.

Kaltura Stock Performance

Shares of Kaltura stock traded up $0.03 on Thursday, reaching $1.54. The stock had a trading volume of 43,437 shares, compared to its average volume of 568,810. The business’s 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.39. The stock has a market cap of $235.69 million, a P/E ratio of -17.05 and a beta of 1.18. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05.

Kaltura (NASDAQ:KLTR) last posted its earnings results 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. The business had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%.

Institutional Trading of Kaltura

A number of hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its position in Kaltura by 69.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after purchasing an additional 25,352 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Kaltura by 99.7% during the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock valued at $94,000 after buying an additional 25,083 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Kaltura during the first quarter valued at about $128,000. Jane Street Group LLC bought a new stake in shares of Kaltura in the first quarter valued at about $90,000. Finally, Rhumbline Advisers lifted its stake in shares of Kaltura by 10.7% in the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after buying an additional 7,760 shares during the period. 30.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KLTR. Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Kaltura in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.