Natan Israeli Sells 13,229 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 13,229 shares of Kaltura stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $1.52, for a total value of $20,108.08. Following the sale, the insider directly owned 2,181,924 shares of the company’s stock, valued at $3,316,524.48. This represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Natan Israeli also recently made the following trade(s):

• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $21,226.80.
• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $43,611.82.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $1,661.00.

Kaltura Price Performance

KLTR stock traded down $0.02 during mid-day trading on Friday, hitting $1.49. 61,591 shares of the stock were exchanged, compared to its average volume of 571,170. The business has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.45. Kaltura, Inc. has a 12 month low of $1.06 and a 12 month high of $2.28. The stock has a market capitalization of $223.31 million, a price-to-earnings ratio of -14.85 and a beta of 1.11.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Gagnon Securities LLC increased its holdings in shares of Kaltura by 32.6% in the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after buying an additional 709,598 shares during the period. EntryPoint Capital LLC purchased a new position in Kaltura during the 4th quarter valued at about $38,000. Citadel Advisors LLC purchased a new position in Kaltura during the 3rd quarter valued at about $35,000. Qube Research & Technologies Ltd purchased a new position in Kaltura during the 2nd quarter valued at about $28,000. Finally, BNP Paribas Financial Markets increased its holdings in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KLTR shares. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.