Eyal Manor Sells 20,795 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 20,795 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1.58, for a total transaction of $32,856.10. Following the transaction, the director owned 249,965 shares of the company’s stock, valued at $394,944.70. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, August 28th, Eyal Manor sold 993 shares of Kaltura stock. The stock was sold at an average price of $1.60, for a total transaction of $1,588.80.
• On Wednesday, August 26th, Eyal Manor sold 21,638 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $33,106.14.
• On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The shares were sold at an average price of $1.92, for a total transaction of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The shares were 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 shares were sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Trading Down 2.5%

KLTR opened at $1.54 on Wednesday. The stock has a 50-day moving average of $1.46 and a 200 day moving average of $1.39. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The firm has a market cap of $234.93 million, a P/E ratio of -17.11 and a beta of 1.18.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kaltura presently has an average rating of “Hold” and an average price target of $3.00.

Institutional Trading of Kaltura

Several institutional investors and hedge funds have recently made changes to their positions in KLTR. BNP Paribas Financial Markets grew its holdings in shares of Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after purchasing an additional 7,184 shares during the last quarter. Rhumbline Advisers lifted its holdings in 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 buying an additional 7,760 shares in the last quarter. Invesco Ltd. boosted its position in Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after buying an additional 8,157 shares during the period. Hsbc Holdings PLC boosted its position in Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock valued at $67,000 after buying an additional 8,901 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Kaltura by 66.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after acquiring an additional 11,398 shares in the last quarter. 30.79% of the stock is currently 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.