Kaltura (NASDAQ:KLTR) Stock: Insider Nexus India Capital Ii Lp Sells 26,670 Shares

Kaltura, Inc. (NASDAQ:KLTR) major shareholder Nexus India Capital Ii Lp sold 26,670 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $1.64, for a total value of $43,738.80. Following the transaction, the insider directly owned 16,027,187 shares in the company, valued at $26,284,586.68. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Nexus India Capital Ii Lp also recently made the following trade(s):

• On Wednesday, November 11th, Nexus India Capital Ii Lp sold 31,897 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $48,483.44.

Kaltura Trading Down 1.4%

KLTR stock traded down $0.02 during trading on Friday, hitting $1.37. The company had a trading volume of 150,867 shares, compared to its average volume of 260,333. The firm has a market capitalization of $211.09 million, a price-to-earnings ratio of -17.12 and a beta of 1.24. The business has a 50 day moving average of $1.40 and a 200 day moving average of $1.40. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Monday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $47.27 million during the quarter, compared to analyst estimates of $46.10 million. Kaltura had a negative net margin of 6.18% and a negative return on equity of 67.69%.

Institutional Trading of Kaltura

A number of hedge funds and other institutional investors have recently modified their holdings of KLTR. Gabelli Funds LLC acquired a new stake in shares of Kaltura in the third quarter valued at $33,000. Hsbc Holdings PLC bought a new position in Kaltura during the second quarter valued at about $46,000. Deutsche Bank AG acquired a new position in Kaltura during the second quarter worth about $94,000. State of Wyoming acquired a new position in Kaltura during the second quarter worth about $109,000. Finally, Teton Advisors LLC acquired a new position in Kaltura during the first quarter worth about $122,000. Institutional investors own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KLTR. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Sunday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.00.

Kaltura Company Profile

Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company’s offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura’s technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.