Eynav Azaria Sells 17,671 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 17,671 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $1.47, for a total value of $25,976.37. Following the completion of the sale, the insider directly owned 2,305,891 shares in the company, valued at $3,389,659.77. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $1,268.74.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The stock was sold at an average price of $1.45, for a total value of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $46,724.38.

Kaltura Price Performance

KLTR opened at $1.40 on Friday. The firm has a market cap of $210.53 million, a P/E ratio of -17.50 and a beta of 1.11. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.33. The business’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $1.46.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data on Monday, March 16th. The company reported $0.03 EPS for the quarter. The business had revenue of $45.54 million for the quarter, compared to analyst estimates of $45.35 million. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.

Hedge Funds Weigh In On Kaltura

Large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new position in Kaltura during the second quarter worth about $28,000. SG Americas Securities LLC purchased a new position in Kaltura during the third quarter worth about $25,000. BNP Paribas Financial Markets lifted its position in 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 buying an additional 7,184 shares during the period. Tower Research Capital LLC TRC lifted its position in Kaltura by 276.9% during the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after buying an additional 15,052 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Kaltura during the fourth quarter worth about $38,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on KLTR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Tuesday, March 17th. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.