Eynav Azaria Sells 83,995 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 83,995 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total value of $168,829.95. Following the sale, the insider owned 2,072,527 shares of the company’s stock, valued at $4,165,779.27. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The shares were 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 shares were 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 stock was 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 stock was 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 shares were 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 shares were 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 stock was 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.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $11,765.04.

Kaltura Trading Up 1.7%

Shares of Kaltura stock opened at $1.75 on Friday. The firm’s 50 day moving average is $1.39 and its 200 day moving average is $1.38. The firm has a market capitalization of $266.96 million, a PE ratio of -19.44 and a beta of 1.15. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.05.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Kaltura had a negative net margin of 6.92% and a negative return on equity of 40.54%. The business had revenue of $46.89 million during the quarter, compared to the consensus estimate of $45.60 million.

Institutional Investors Weigh In On Kaltura

Several hedge funds have recently added to or reduced their stakes in KLTR. Cubist Systematic Strategies LLC grew its holdings in 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 acquiring an additional 25,352 shares during the last quarter. AQR Capital Management LLC raised its stake 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 acquiring an additional 25,083 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Kaltura during the first quarter valued at $128,000. Jane Street Group LLC acquired a new position in shares of Kaltura during the first quarter worth $90,000. Finally, Rhumbline Advisers lifted its holdings in shares of Kaltura by 10.7% during the first 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 period. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KLTR. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.