Key Points
- Kaltura insider Natan Israeli sold 9,829 shares on May 18 at an average price of $1.50, for total proceeds of about $14,744. The sale was made under a pre-arranged Rule 10b5-1 plan.
- The insider has also sold shares repeatedly in recent days, including several transactions in mid-to-late May and late April, trimming his position by 0.45% while still holding more than 2.19 million shares.
- Shares of Kaltura were trading around $1.53, while the company recently reported quarterly EPS of $0.01 and revenue of $44.63 million, topping estimates. Analyst sentiment is mixed, with a consensus rating of Hold and a $3.00 price target.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Natan Israeli sold 9,829 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1.50, for a total transaction of $14,743.50. Following the transaction, the insider owned 2,195,153 shares in the company, valued at approximately $3,292,729.50. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The stock was 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 Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $43,611.82.
- 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 stock was sold at an average price of $1.51, for a total transaction of $1,661.00.
Kaltura Trading Up 1.3%
NASDAQ KLTR opened at $1.53 on Thursday. The company has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.45. The company has a market cap of $230.07 million, a P/E ratio of -15.30 and a beta of 1.11. Kaltura, Inc. has a 1 year low of $1.06 and a 1 year high of $2.28.
Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $44.63 million during the quarter, compared to the consensus estimate of $43.00 million. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%.
Hedge Funds Weigh In On Kaltura
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised 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 buying an additional 79,633 shares in the last quarter. Gagnon Securities LLC raised 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 buying an additional 709,598 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 122,548 shares in the last quarter. Russell Investments Group Ltd. raised 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 buying an additional 83,792 shares in the last quarter. Finally, State Street Corp raised 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 buying an additional 135,092 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on KLTR shares. 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 reissued 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $3.00.
Check Out 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.
Further Reading
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