Key Points
- Kaltura insider Natan Israeli sold 28,882 shares on May 13 at an average price of $1.51, totaling about $43,612. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Israeli also made additional recent sales of Kaltura shares on May 14, May 4, and April 28, reducing his stake by 1.29% overall. After these transactions, he still directly owned about 2.21 million shares.
- Kaltura reported mixed quarterly results, posting $0.01 EPS and revenue of $44.63 million, which topped estimates. The stock was up 2.7% and analysts currently have a consensus Hold rating with a $3.00 average price target.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Natan Israeli sold 28,882 shares of the company's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $1.51, for a total value of $43,611.82. Following the transaction, the insider directly owned 2,214,249 shares in the company, valued at approximately $3,343,515.99. This represents a 1.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 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 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 Stock Up 2.7%
KLTR stock opened at $1.50 on Tuesday. The business's fifty day moving average is $1.29 and its 200-day moving average is $1.45. The company has a market cap of $225.57 million, a P/E ratio of -15.00 and a beta of 1.11. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month high of $2.28.
Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $44.63 million for the quarter, compared to the consensus estimate of $43.00 million. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on KLTR. Needham & Company LLC reissued a "buy" rating and issued a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Wall Street Zen downgraded Kaltura from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kaltura currently has an average rating of "Hold" and an average target price of $3.00.
Read Our Latest Stock Analysis on Kaltura
Institutional Trading of Kaltura
Hedge funds have recently added to or reduced their stakes in the business. Gagnon Securities LLC raised its stake in Kaltura by 32.6% during the 3rd 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. Gagnon Advisors LLC raised its stake in Kaltura by 1.9% during the 3rd quarter. Gagnon Advisors LLC now owns 1,413,010 shares of the company's stock worth $2,035,000 after buying an additional 26,966 shares during the period. Mackenzie Financial Corp acquired a new stake in Kaltura during the 4th quarter worth $81,000. Hsbc Holdings PLC raised its stake in Kaltura by 27.9% during the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company's stock worth $67,000 after buying an additional 8,901 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in Kaltura during the 2nd quarter worth $48,000. Institutional investors and hedge funds own 30.79% of the company's stock.
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.
Further Reading
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