Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $15,094.98 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 9,866 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1.53, for a total transaction of $15,094.98. Following the completion of the sale, the insider owned 2,050,517 shares of the company’s stock, valued at approximately $3,137,291.01. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, September 9th, Eynav Azaria sold 10,078 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $14,915.44.
• On Tuesday, September 8th, Eynav Azaria sold 12,341 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total value of $18,388.09.
• On Friday, September 4th, Eynav Azaria sold 8,176 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $12,345.76.
• On Wednesday, September 2nd, Eynav Azaria sold 7,816 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $11,802.16.
• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The stock was sold at an average price of $1.54, for a total value of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The stock was sold at an average price of $2.01, for a total transaction of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total transaction of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction of $3,887.80.
• On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $14,303.80.

Kaltura Stock Performance

Shares of Kaltura stock opened at $1.43 on Friday. The firm’s 50-day simple moving average is $1.48 and its 200-day simple moving average is $1.39. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The firm has a market cap of $218.15 million, a P/E ratio of -15.89 and a beta of 1.18.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $46.89 million during the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.00.

Hedge Funds Weigh In On Kaltura

A number of hedge funds and other institutional investors have recently made changes to their positions in KLTR. Squarepoint Ops LLC bought a new stake in Kaltura during the 2nd quarter worth approximately $204,000. Bank of America Corp DE bought a new position in shares of Kaltura during the 2nd quarter worth approximately $197,000. Hsbc Holdings PLC acquired a new stake in shares of Kaltura in the second quarter valued at approximately $46,000. S Squared Technology LLC acquired a new stake in shares of Kaltura in the second quarter valued at approximately $2,525,645. Finally, Globeflex Capital L P bought a new stake in shares of Kaltura in the second quarter worth $676,000. 30.79% of the stock is owned by institutional investors.

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.