Kaltura (NASDAQ:KLTR) Insider Sells $11,340.36 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,412 shares of Kaltura stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1.53, for a total value of $11,340.36. Following the sale, the insider directly owned 2,275,726 shares of the company’s stock, valued at approximately $3,481,860.78. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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 stock was 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 stock was 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 stock was sold at an average price of $1.46, for a total transaction of $46,724.38.

Kaltura Price Performance

KLTR traded down $0.06 during trading on Wednesday, reaching $1.46. 73,966 shares of the company’s stock were exchanged, compared to its average volume of 560,723. Kaltura, Inc. has a 1 year low of $1.06 and a 1 year high of $2.28. The company’s fifty day simple moving average is $1.32 and its 200-day simple moving average is $1.45. The stock has a market capitalization of $219.55 million, a P/E ratio of -14.60 and a beta of 1.14.

Kaltura (NASDAQ:KLTR) last released 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 for 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%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KLTR. Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Needham & Company LLC reissued a “buy” rating and issued 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kaltura has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $798,000 after acquiring an additional 14,300 shares during the period. Teton Advisors LLC acquired a new stake in shares of Kaltura during the 1st quarter valued at about $122,000. Hsbc Holdings PLC increased its stake in shares of Kaltura by 69.2% in the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock valued at $85,000 after purchasing an additional 28,194 shares in the last quarter. Acuitas Investments LLC purchased a new position in shares of Kaltura in the 1st quarter valued at about $37,000. Finally, Mackenzie Financial Corp acquired a new position in Kaltura in the 4th quarter worth about $81,000. Hedge funds and other 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.