Kaltura (NASDAQ:KLTR) Director Eyal Manor Sells 138,143 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 138,143 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.92, for a total value of $265,234.56. Following the completion of the sale, the director owned 292,398 shares in the company, valued at $561,404.16. This represents a 32.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The stock was 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 transaction of $44,981.30.

Kaltura Trading Up 1.7%

Shares of KLTR stock opened at $1.75 on Friday. The stock has a market capitalization of $266.96 million, a P/E ratio of -19.44 and a beta of 1.15. The firm’s 50 day moving average is $1.39 and its 200 day moving average is $1.38. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kaltura had a negative net margin of 6.92% and a negative return on equity of 40.54%. The business had revenue of $46.89 million during the quarter, compared to analyst estimates of $45.60 million.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KLTR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Needham & Company LLC reissued a “buy” rating and set 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.00.

Hedge Funds Weigh In On Kaltura

Several hedge funds have recently bought and sold shares of KLTR. BNP Paribas Financial Markets increased its stake in Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after acquiring an additional 7,184 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Kaltura by 10.7% during the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after acquiring an additional 7,760 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kaltura by 21.4% during the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after purchasing an additional 8,157 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Kaltura by 27.9% in the fourth quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after purchasing an additional 8,901 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Kaltura by 66.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock valued at $47,000 after purchasing an additional 11,398 shares in the last quarter. 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.