Kaltura (NASDAQ:KLTR) Director Sells $32,856.10 in Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 20,795 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1.58, for a total transaction of $32,856.10. Following the completion of the transaction, the director owned 249,965 shares of the company’s stock, valued at $394,944.70. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, August 28th, Eyal Manor sold 993 shares of Kaltura stock. The stock was sold at an average price of $1.60, for a total value of $1,588.80.
• On Wednesday, August 26th, Eyal Manor sold 21,638 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total value of $33,106.14.
• On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The shares were sold at an average price of $1.92, for a total transaction of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The shares were sold at an average price of $1.29, for a total transaction 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 value of $44,981.30.

Kaltura Price Performance

Shares of KLTR opened at $1.52 on Thursday. The business has a 50-day moving average of $1.46 and a 200-day moving average of $1.39. The company has a market capitalization of $231.88 million, a price-to-earnings ratio of -16.89 and a beta of 1.18. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.05.

Kaltura (NASDAQ:KLTR) last released its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 51.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KLTR. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Kaltura by 70.3% in the third 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 during the period. Rhumbline Advisers grew its position in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after buying an additional 7,760 shares in the last quarter. Invesco Ltd. increased its stake in Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after acquiring an additional 8,157 shares during the last quarter. Hsbc Holdings PLC increased its stake in Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after acquiring an additional 8,901 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Kaltura by 66.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after purchasing an additional 11,398 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

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.