Natan Israeli Sells 28,882 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 28,882 shares of Kaltura stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $1.51, for a total transaction of $43,611.82. Following the completion of the transaction, the insider directly owned 2,214,249 shares of the company’s stock, valued at $3,343,515.99. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 transaction of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $9,564.34.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction 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 Stock Up 0.7%

Shares of KLTR stock opened at $1.51 on Wednesday. The company has a market cap of $227.07 million, a P/E ratio of -15.10 and a beta of 1.11. The business has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.45. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.28.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on KLTR. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Trading of Kaltura

Hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in shares of Kaltura in the second quarter worth $28,000. SG Americas Securities LLC acquired a new position in shares of Kaltura during the third quarter valued at $25,000. BNP Paribas Financial Markets raised its stake in shares of Kaltura by 70.3% during the third 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Kaltura by 276.9% during the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock valued at $41,000 after purchasing an additional 15,052 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Kaltura in the fourth quarter worth about $38,000. Institutional investors own 30.79% of the company’s stock.

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.