Eyal Manor Sells 34,601 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 34,601 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $1.30, for a total transaction of $44,981.30. Following the sale, the director directly owned 439,366 shares of the company’s stock, valued at $571,175.80. The trade was a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $11,384.25.

Kaltura Trading Up 3.2%

KLTR opened at $1.30 on Wednesday. The company’s 50 day moving average is $1.41 and its 200 day moving average is $1.42. The company has a market cap of $195.49 million, a price-to-earnings ratio of -13.00 and a beta of 1.14. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.06.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The business had revenue of $44.63 million during the quarter, compared to analysts’ expectations of $43.00 million.

Hedge Funds Weigh In On Kaltura

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares during the period. Qube Research & Technologies Ltd bought a new position in Kaltura in the 2nd quarter worth $28,000. Citadel Advisors LLC bought a new position in Kaltura in the 3rd quarter worth $35,000. Acuitas Investments LLC purchased a new stake in Kaltura in the 1st quarter worth $37,000. Finally, EntryPoint Capital LLC purchased a new stake in Kaltura in the 4th quarter worth $38,000. 30.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KLTR shares. Needham & Company LLC restated 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 lowered Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. One equities research 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 has a consensus rating of “Hold” and a consensus target price of $3.00.

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.