Kaltura (NASDAQ:KLTR) Director Sells $36,657.34 in Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Naama Halevi-Davidov sold 30,047 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $1.22, for a total value of $36,657.34. Following the completion of the sale, the director owned 206,762 shares of the company’s stock, valued at approximately $252,249.64. This represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Naama Halevi-Davidov also recently made the following trade(s):

• On Friday, March 20th, Naama Halevi-Davidov sold 131,873 shares of Kaltura stock. The shares were sold at an average price of $1.21, for a total transaction of $159,566.33.
• On Wednesday, March 18th, Naama Halevi-Davidov sold 93,624 shares of Kaltura stock. The shares were sold at an average price of $1.20, for a total transaction of $112,348.80.

Kaltura Price Performance

Shares of Kaltura stock traded up $0.01 during trading on Tuesday, hitting $1.23. The stock had a trading volume of 374,808 shares, compared to its average volume of 651,418. The firm’s fifty day simple moving average is $1.43 and its 200-day simple moving average is $1.53. The stock has a market cap of $182.20 million, a PE ratio of -15.31 and a beta of 1.06. Kaltura, Inc. has a 12 month low of $1.06 and a 12 month high of $2.33.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%. The company had revenue of $45.54 million for the quarter, compared to the consensus estimate of $45.35 million.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KLTR. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective on shares of Kaltura in a report on Tuesday, March 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kaltura in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Kaltura during the 3rd quarter worth $25,000. BNP Paribas Financial Markets raised its holdings in 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 in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Kaltura during the second quarter valued at about $28,000. Citadel Advisors LLC purchased a new stake in shares of Kaltura during the third quarter valued at about $35,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Kaltura during the fourth quarter worth $38,000. 30.79% of the stock is currently owned by hedge funds and other 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.