Eyal Manor Sells 8,825 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 8,825 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $1.29, for a total transaction of $11,384.25. Following the sale, the director owned 430,541 shares in the company, valued at approximately $555,397.89. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Price Performance

Shares of KLTR stock opened at $1.30 on Thursday. The business has a 50 day moving average of $1.41 and a two-hundred day moving average of $1.42. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.06. The company has a market cap of $177.57 million, a P/E ratio of -13.00 and a beta of 1.16.

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

Hedge Funds Weigh In On Kaltura

Several large investors have recently bought and sold shares of KLTR. S Squared Technology LLC raised its holdings in Kaltura by 39.6% during the fourth quarter. S Squared Technology LLC now owns 1,316,323 shares of the company’s stock worth $2,159,000 after purchasing an additional 373,149 shares in the last quarter. Deutsche Bank AG boosted its stake in Kaltura by 3,542.4% during the 4th quarter. Deutsche Bank AG now owns 70,152 shares of the company’s stock valued at $115,000 after purchasing an additional 68,226 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Kaltura by 99.7% during the 1st quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock valued at $94,000 after purchasing an additional 25,083 shares during the period. Jane Street Group LLC acquired a new position in shares of Kaltura during the 1st quarter valued at $90,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Kaltura in the 4th quarter worth $81,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Ratings Changes

KLTR has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.00.

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.