Kaltura (NASDAQ:KLTR) Insider Sells $11,802.16 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,816 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $1.51, for a total value of $11,802.16. Following the transaction, the insider owned 2,060,383 shares in the company, valued at approximately $3,111,178.33. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The stock was sold at an average price of $1.54, for a total value of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The shares were sold at an average price of $2.01, for a total value of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was 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 stock was sold at an average price of $1.41, for a total transaction 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 shares were 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 stock was 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 shares were sold at an average price of $1.48, for a total transaction of $28,794.88.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $18,671.22.

Kaltura Trading Down 1.3%

Shares of KLTR stock opened at $1.51 on Friday. The company has a market capitalization of $230.35 million, a P/E ratio of -16.78 and a beta of 1.18. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The stock has a 50 day moving average of $1.47 and a two-hundred day moving average of $1.39.

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

Hedge Funds Weigh In On Kaltura

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in Kaltura during the 2nd quarter worth about $197,000. Hsbc Holdings PLC acquired a new stake in shares of Kaltura during the 2nd quarter worth approximately $46,000. S Squared Technology LLC acquired a new stake in shares of Kaltura during the 2nd quarter worth approximately $2,525,645. Globeflex Capital L P bought a new stake in shares of Kaltura during the second quarter worth approximately $676,000. Finally, Ieq Capital LLC bought a new stake in shares of Kaltura during the second quarter worth approximately $126,000. Institutional investors own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.