Insider Selling: Kaltura (NASDAQ:KLTR) Director Sells 21,638 Shares

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 21,638 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1.53, for a total value of $33,106.14. Following the completion of the transaction, the director owned 270,760 shares of the company’s stock, valued at approximately $414,262.80. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eyal Manor also recently made the following trade(s):

• On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The stock was sold at an average price of $1.92, for a total value of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The stock was sold at an average price of $1.29, for a total value of $11,384.25.
• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The shares were sold at an average price of $1.30, for a total value of $44,981.30.

Kaltura Trading Down 0.3%

Kaltura stock traded down $0.01 on Friday, hitting $1.59. 104,620 shares of the stock traded hands, compared to its average volume of 578,372. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.05. The firm has a market cap of $243.32 million, a P/E ratio of -17.72 and a beta of 1.15. The business’s fifty day simple moving average is $1.44 and its 200 day simple moving average is $1.39.

Kaltura (NASDAQ:KLTR) last released its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm 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 51.05%.

Wall Street Analyst Weigh In

KLTR has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research note 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.00.

Institutional Trading of Kaltura

A number of institutional investors and hedge funds have recently bought and sold shares of the company. S Squared Technology LLC bought a new position in shares of Kaltura in the second quarter worth approximately $2,525,645,000. Globeflex Capital L P bought a new stake in shares of Kaltura during the second quarter valued at approximately $676,000. Hsbc Holdings PLC raised its holdings in Kaltura by 69.2% in the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock worth $85,000 after acquiring an additional 28,194 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Kaltura by 348.8% in the 3rd quarter. Squarepoint Ops LLC now owns 189,860 shares of the company’s stock worth $273,000 after acquiring an additional 147,559 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Kaltura by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after acquiring an additional 79,633 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

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.