Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $23,353.92 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 16,218 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $1.44, for a total transaction of $23,353.92. Following the completion of the transaction, the insider owned 2,259,073 shares in the company, valued at $3,253,065.12. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $11,638.14.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The shares were 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 shares were 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 shares were sold at an average price of $1.53, for a total transaction of $11,340.36.
• 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 transaction of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The shares were sold at an average price of $1.47, for a total transaction of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction 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 transaction of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total transaction of $46,724.38.

Kaltura Stock Performance

NASDAQ KLTR opened at $1.42 on Thursday. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.18. The company’s 50 day moving average price is $1.35 and its 200 day moving average price is $1.44. The firm has a market capitalization of $213.54 million, a price-to-earnings ratio of -14.20 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Trading of Kaltura

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new stake in Kaltura in the second quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its stake in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after buying an additional 7,184 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock valued at $41,000 after buying an additional 15,052 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Kaltura during the 4th quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Kaltura during the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.