Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells 13,229 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 13,229 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $1.52, for a total value of $20,108.08. Following the transaction, the insider owned 2,181,924 shares in the company, valued at approximately $3,316,524.48. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Natan Israeli also recently made the following trade(s):

• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $21,226.80.
• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $43,611.82.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $1,661.00.

Kaltura Price Performance

NASDAQ:KLTR traded down $0.02 during mid-day trading on Friday, reaching $1.49. 61,591 shares of the company’s stock traded hands, compared to its average volume of 571,170. The company has a 50 day moving average price of $1.29 and a 200-day moving average price of $1.45. The firm has a market capitalization of $223.31 million, a price-to-earnings ratio of -14.85 and a beta of 1.11. Kaltura, Inc. has a 12-month low of $1.06 and a 12-month high of $2.28.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.

Wall Street Analyst Weigh In

KLTR has been the topic of several research reports. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kaltura currently has an average rating of “Hold” and an average price target of $3.00.

Institutional Trading of Kaltura

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after purchasing an additional 7,184 shares in the last quarter. GSA Capital Partners LLP lifted its position in Kaltura by 7.4% in the 3rd quarter. GSA Capital Partners LLP now owns 111,532 shares of the company’s stock valued at $161,000 after acquiring an additional 7,695 shares in the last quarter. Rhumbline Advisers lifted its position in Kaltura by 10.7% in the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after acquiring an additional 7,760 shares in the last quarter. Invesco Ltd. lifted its position in Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after acquiring an additional 8,157 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock valued at $67,000 after acquiring an additional 8,901 shares in the last quarter. 30.79% of the stock is owned by institutional investors.

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.