Eynav Azaria Sells 13,242 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 13,242 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.41, for a total transaction of $18,671.22. Following the completion of the sale, the insider directly owned 2,215,274 shares in the company, valued at approximately $3,123,536.34. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $11,765.04.
• On Tuesday, June 9th, Eynav Azaria sold 6,975 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $9,834.75.
• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $11,638.14.
• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The stock was sold at an average price of $1.44, for a total transaction of $23,353.92.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total transaction of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total transaction of $648.15.
• On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $11,340.36.

Kaltura Trading Down 2.8%

NASDAQ KLTR opened at $1.41 on Thursday. The firm has a market capitalization of $212.04 million, a price-to-earnings ratio of -14.10 and a beta of 1.14. The firm’s 50 day simple moving average is $1.37 and its 200 day simple moving average is $1.44. Kaltura, Inc. has a 1 year low of $1.06 and a 1 year high of $2.12.

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

Institutional Trading of Kaltura

Several hedge funds have recently added to or reduced their stakes in KLTR. Renaissance Technologies LLC raised 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 valued at $798,000 after purchasing an additional 14,300 shares during the period. Teton Advisors LLC purchased a new position in Kaltura during the first quarter valued at approximately $122,000. Hsbc Holdings PLC grew its stake in Kaltura by 69.2% in the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock worth $85,000 after buying an additional 28,194 shares in the last quarter. Acuitas Investments LLC purchased a new position in Kaltura in the 1st quarter worth approximately $37,000. Finally, Mackenzie Financial Corp purchased a new position in Kaltura in the 4th quarter worth approximately $81,000. Institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

KLTR has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective 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. According to data from MarketBeat.com, Kaltura presently has a consensus rating of “Hold” and an average target price of $3.00.

Kaltura News Summary

Here are the key news stories impacting Kaltura this week:

• Negative Sentiment: Eynav Azaria sold shares on multiple recent dates, including 19,456 shares on June 15, 13,242 shares on June 12, 8,344 shares on June 10, and several additional sales earlier in the month. The repeated selling may be viewed by investors as a bearish signal for KLTR. Article Title
• Negative Sentiment: Natan Israeli also sold shares twice this week, including 4,594 shares on June 15 and 4,013 shares on June 16. Even though the trades were planned in advance, continued insider selling can create near-term downside pressure. Article Title
• Neutral Sentiment: The sales were made under Rule 10b5-1 trading plans, which reduces concern that the transactions were prompted by a sudden change in company outlook. Article Title
• Neutral Sentiment: Kaltura recently reported earnings that beat revenue estimates and posted $0.01 EPS, so there is still some fundamental support for the stock despite the insider activity. Article Title

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.