Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $35,916.89 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 22,877 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1.57, for a total transaction of $35,916.89. Following the transaction, the insider owned 2,094,397 shares in the company, valued at approximately $3,288,203.29. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 2nd, Natan Israeli sold 16,631 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $25,279.12.
• On Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $300.00.
• On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total transaction of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $20,108.08.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $43,611.82.

Kaltura Trading Down 4.1%

Shares of NASDAQ:KLTR opened at $1.39 on Friday. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month high of $2.26. The company’s 50 day moving average is $1.34 and its 200 day moving average is $1.44. The company has a market cap of $209.03 million, a PE ratio of -13.90 and a beta of 1.14.

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

Analyst Ratings Changes

KLTR has been the topic of several research reports. 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 reiterated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.00.

Institutional Investors Weigh In On Kaltura

A number of hedge funds and other institutional investors have recently made changes to their positions in KLTR. Cubist Systematic Strategies LLC grew its stake in shares of Kaltura by 69.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after purchasing an additional 25,352 shares during the period. AQR Capital Management LLC grew its stake 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 worth $94,000 after purchasing an additional 25,083 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kaltura during the 1st quarter worth approximately $128,000. Jane Street Group LLC acquired a new stake in shares of Kaltura during the 1st quarter worth approximately $90,000. Finally, Rhumbline Advisers grew its stake in shares of Kaltura by 10.7% during the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after purchasing an additional 7,760 shares during the period. Institutional investors and hedge funds 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.