Kaltura (NASDAQ:KLTR) Insider Sells 83,995 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 83,995 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $2.01, for a total value of $168,829.95. Following the completion of the sale, the insider owned 2,072,527 shares of the company’s stock, valued at approximately $4,165,779.27. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The shares were sold at an average price of $1.42, for a total value of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value 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 value 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.
• On Wednesday, June 17th, Eynav Azaria sold 4,448 shares of Kaltura stock. The shares were sold at an average price of $1.43, for a total transaction of $6,360.64.
• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total transaction of $17,868.04.
• On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total transaction of $28,794.88.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,765.04.

Kaltura Stock Up 2.0%

Shares of KLTR traded up $0.04 during midday trading on Friday, hitting $1.75. The company’s stock had a trading volume of 464,742 shares, compared to its average volume of 600,534. Kaltura, Inc. has a one year low of $1.05 and a one year high of $2.05. The stock has a market capitalization of $239.72 million, a price-to-earnings ratio of -19.50 and a beta of 1.15. The company’s fifty day simple moving average is $1.39 and its two-hundred day simple moving average is $1.38.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Kaltura had a negative return on equity of 40.54% and a negative net margin of 6.92%.The business had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Investors Weigh In On Kaltura

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Kaltura in the 2nd quarter valued at approximately $7,792,000. Deutsche Bank AG bought a new stake in shares of Kaltura in the second quarter worth $94,000. Bank of New York Mellon Corp acquired a new stake in Kaltura in the second quarter valued at $358,000. State of Wyoming bought a new position in Kaltura during the 2nd quarter worth $109,000. Finally, Renaissance Technologies LLC raised its position in Kaltura by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock worth $798,000 after purchasing an additional 14,300 shares during the last quarter. 30.79% of the stock is owned by 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.