Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 12,073 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 12,073 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $1.48, for a total value of $17,868.04. Following the transaction, the insider owned 2,183,745 shares of the company’s stock, valued at approximately $3,231,942.60. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $28,794.88.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,765.04.
• On Tuesday, June 9th, Eynav Azaria sold 6,975 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $9,834.75.
• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $11,638.14.
• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The stock was sold at an average price of $1.44, for a total value of $23,353.92.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total value of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total value of $648.15.
• On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total value of $11,340.36.

Kaltura Price Performance

KLTR traded down $0.04 during trading hours on Wednesday, hitting $1.41. 61,955 shares of the stock were exchanged, compared to its average volume of 541,455. The stock has a 50-day simple moving average of $1.37 and a 200-day simple moving average of $1.44. Kaltura, Inc. has a 12 month low of $1.06 and a 12 month high of $2.12. The stock has a market cap of $212.64 million, a price-to-earnings ratio of -14.05 and a beta of 1.14.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on KLTR. Wall Street Zen lowered 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 target price on shares of Kaltura in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kaltura presently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On Kaltura

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kaltura by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock worth $7,215,000 after buying an additional 79,633 shares during the period. Geode Capital Management LLC increased its position in Kaltura by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock worth $3,352,000 after buying an additional 122,548 shares during the period. Russell Investments Group Ltd. increased its position in Kaltura by 5.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after buying an additional 83,792 shares during the period. State Street Corp increased its position in Kaltura by 9.2% in the fourth quarter. State Street Corp now owns 1,598,453 shares of the company’s stock worth $2,621,000 after buying an additional 135,092 shares during the period. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock valued at $2,019,000 after purchasing an additional 575,000 shares during the period. 30.79% of the stock is 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.