Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 16,218 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 16,218 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $1.44, for a total value of $23,353.92. Following the completion of the sale, the insider owned 2,259,073 shares in the company, valued at approximately $3,253,065.12. The trade was a 0.71% 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 Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The shares were sold at an average price of $1.43, for a total value of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The shares were sold at an average price of $1.49, for a total value of $648.15.
• On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The shares were sold at an average price of $1.53, for a total value of $11,340.36.
• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The shares were sold at an average price of $1.47, for a total value 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 value of $46,724.38.

Kaltura Stock Performance

Shares of NASDAQ KLTR opened at $1.42 on Tuesday. The stock has a market cap of $213.54 million, a PE ratio of -14.20 and a beta of 1.14. Kaltura, Inc. has a fifty-two week low of $1.06 and a fifty-two week high of $2.25. The stock has a fifty day moving average of $1.34 and a 200-day moving average of $1.44.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Needham & Company LLC restated 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 downgraded Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Hedge Funds Weigh In On Kaltura

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in 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 acquiring an additional 7,184 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Kaltura in the 2nd quarter worth about $28,000. Citadel Advisors LLC bought a new position in Kaltura in the 3rd quarter worth about $35,000. Acuitas Investments LLC bought a new position in Kaltura in the 1st quarter worth about $37,000. Finally, EntryPoint Capital LLC bought a new position in Kaltura in the 4th quarter worth about $38,000. 30.79% of the stock is currently owned by institutional investors.

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.