Insider Selling: Kaltura (NASDAQ:KLTR) Director Sells $33,106.14 in Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 21,638 shares of Kaltura stock in a transaction 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 sale, the director directly 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 legal filing with the SEC, which is accessible 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 shares were sold at an average price of $1.29, for a total transaction of $11,384.25.
• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The stock was sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Price Performance

NASDAQ:KLTR opened at $1.60 on Monday. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The firm has a market cap of $244.08 million, a price-to-earnings ratio of -17.78 and a beta of 1.15. The company’s 50 day moving average is $1.45 and its 200-day moving average is $1.39.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $46.89 million during the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Kaltura during the 2nd quarter valued at approximately $7,792,000. S Squared Technology LLC bought a new position in shares of Kaltura in the 2nd quarter valued at $2,525,645. Tocqueville Asset Management L.P. boosted its holdings in shares of Kaltura by 69.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock valued at $2,019,000 after acquiring an additional 575,000 shares in the last quarter. Globeflex Capital L P bought a new stake in Kaltura during the 2nd quarter worth $676,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Kaltura by 63.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock worth $1,843,000 after purchasing an additional 355,358 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

KLTR has been the subject of several recent research reports. Wall Street Zen raised Kaltura from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kaltura has a consensus rating of “Hold” and an average 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.