Eyal Manor Sells 138,143 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 138,143 shares of Kaltura stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.92, for a total value of $265,234.56. Following the transaction, the director owned 292,398 shares in the company, valued at $561,404.16. This trade represents a 32.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eyal Manor also recently made the following trade(s):

• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The stock was sold at an average price of $1.29, for a total value of $11,384.25.
• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The stock was sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Stock Performance

Shares of KLTR opened at $1.75 on Friday. The firm has a market cap of $266.96 million, a P/E ratio of -19.44 and a beta of 1.15. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The firm’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.38.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 40.54%.

Analyst Ratings Changes

A number of research firms recently issued reports on KLTR. 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. 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, the stock has a consensus rating of “Hold” and an average target price of $3.00.

Hedge Funds Weigh In On Kaltura

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Kaltura in the 2nd quarter valued at about $7,792,000. Vanguard Group Inc. raised its holdings in Kaltura by 1.6% during the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock worth $7,215,000 after acquiring an additional 79,633 shares in the last quarter. Geode Capital Management LLC boosted its position in Kaltura by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock valued at $3,352,000 after purchasing an additional 122,548 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Kaltura by 5.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock valued at $2,796,000 after purchasing an additional 83,792 shares during the last quarter. Finally, State Street Corp grew its stake in Kaltura by 9.2% in the fourth quarter. State Street Corp now owns 1,598,453 shares of the company’s stock valued at $2,621,000 after purchasing an additional 135,092 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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.