Eyal Manor Sells 34,601 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 34,601 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $1.30, for a total value of $44,981.30. Following the completion of the sale, the director directly owned 439,366 shares in the company, valued at $571,175.80. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kaltura Price Performance

Kaltura stock traded down $0.00 during mid-day trading on Monday, reaching $1.29. The stock had a trading volume of 82,164 shares, compared to its average volume of 542,495. Kaltura, Inc. has a one year low of $1.05 and a one year high of $2.06. The company has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.43. The company has a market capitalization of $193.39 million, a price-to-earnings ratio of -12.95 and a beta of 1.14.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KLTR. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Needham & Company LLC reissued 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Kaltura presently has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Investors Weigh In On Kaltura

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 7,184 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Kaltura during the second quarter valued at $28,000. Citadel Advisors LLC purchased a new stake in Kaltura during the third quarter valued at $35,000. Acuitas Investments LLC bought a new position in Kaltura in the first quarter valued at about $37,000. Finally, EntryPoint Capital LLC bought a new position in Kaltura in the fourth quarter valued at about $38,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

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.