Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 7,412 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,412 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1.53, for a total transaction of $11,340.36. Following the completion of the sale, the insider directly owned 2,275,726 shares of the company’s stock, valued at approximately $3,481,860.78. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $1.46, for a total transaction of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The stock was sold at an average price of $1.47, for a total transaction of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The shares were 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 shares were 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 transaction of $46,724.38.

Kaltura Stock Down 6.9%

Shares of KLTR stock opened at $1.42 on Thursday. Kaltura, Inc. has a 12-month low of $1.06 and a 12-month high of $2.28. The company has a market capitalization of $212.79 million, a P/E ratio of -14.15 and a beta of 1.14. The firm has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.44.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.00.

Institutional Trading of Kaltura

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position in shares of Kaltura by 2.2% in the first quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock worth $798,000 after purchasing an additional 14,300 shares in the last quarter. Teton Advisors LLC bought a new stake in shares of Kaltura in the first quarter worth $122,000. Hsbc Holdings PLC lifted its position in shares of Kaltura by 69.2% in the first quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock worth $85,000 after purchasing an additional 28,194 shares in the last quarter. Acuitas Investments LLC bought a new stake in shares of Kaltura in the first quarter worth $37,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Kaltura in the fourth quarter worth $81,000. Institutional investors own 30.79% of the company’s stock.

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.