Kaltura (NASDAQ:KLTR) Insider Natan Israeli Sells 9,829 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 9,829 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1.50, for a total value of $14,743.50. Following the completion of the transaction, the insider directly owned 2,195,153 shares in the company, valued at approximately $3,292,729.50. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 value 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 value 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 value 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 value of $1,661.00.

Kaltura Stock Performance

NASDAQ:KLTR traded up $0.03 during trading hours on Wednesday, reaching $1.54. The stock had a trading volume of 119,416 shares, compared to its average volume of 575,221. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.28. The company has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $1.45. The stock has a market capitalization of $230.83 million, a PE ratio of -15.15 and a beta of 1.11.

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

Analysts Set New Price Targets

A number of analysts have issued reports on KLTR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

Hedge Funds Weigh In On Kaltura

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

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.