Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 32,003 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1.46, for a total transaction of $46,724.38. Following the completion of the sale, the insider directly owned 2,352,181 shares of the company's stock, valued at $3,434,184.26. This represents a 1.34% decrease in their ownership of the stock. 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.
Kaltura Trading Down 3.5%
NASDAQ KLTR opened at $1.37 on Friday. The company has a fifty day simple moving average of $1.27 and a 200 day simple moving average of $1.46. The company has a market cap of $203.77 million, a P/E ratio of -17.13 and a beta of 1.08. Kaltura, Inc. has a 1 year low of $1.06 and a 1 year high of $2.33.
Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $45.54 million during the quarter, compared to the consensus estimate of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Kaltura by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company's stock valued at $7,215,000 after purchasing an additional 79,633 shares during the last quarter. Gagnon Securities LLC boosted its stake in shares of Kaltura by 32.6% in the 3rd quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company's stock valued at $4,156,000 after purchasing an additional 709,598 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kaltura by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company's stock valued at $3,352,000 after purchasing an additional 122,548 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Kaltura by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company's stock valued at $2,796,000 after purchasing an additional 83,792 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Kaltura by 9.2% in the 4th quarter. State Street Corp now owns 1,598,453 shares of the company's stock valued at $2,621,000 after purchasing an additional 135,092 shares during the last quarter. Institutional investors own 30.79% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on KLTR shares. Needham & Company LLC restated a "buy" rating and issued a $3.00 price objective on shares of Kaltura in a research note on Tuesday, March 17th. Wall Street Zen cut shares of Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kaltura currently has an average rating of "Hold" and an average target price of $3.00.
Get Our Latest Stock Analysis on KLTR
About Kaltura
(
Get Free Report)
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.
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