Key Points
- Kaltura insider Natan Israeli sold 13,229 shares on May 19 at an average price of $1.52, totaling about $20,108. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Israeli has been actively trimming his position, with several additional sales reported around the same period. After the latest transaction, he still owned 2.18 million shares, worth roughly $3.32 million.
- Kaltura’s stock fell 3.3% to open at $1.45, while the company recently reported quarterly earnings of $0.01 per share and revenue of $44.63 million, slightly ahead of analyst estimates.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Natan Israeli sold 13,229 shares of Kaltura stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $1.52, for a total transaction of $20,108.08. Following the completion of the sale, the insider owned 2,181,924 shares of the company's stock, valued at $3,316,524.48. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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.
- 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 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 transaction of $1,661.00.
Kaltura Trading Down 3.3%
Shares of KLTR stock opened at $1.45 on Friday. The firm has a market capitalization of $218.05 million, a PE ratio of -14.50 and a beta of 1.11. The firm has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.45. Kaltura, Inc. has a 12 month low of $1.06 and a 12 month high of $2.28.
Kaltura (NASDAQ:KLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter. The business had revenue of $44.63 million during the quarter, compared to analyst estimates of $43.00 million. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%.
Institutional Trading of Kaltura
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Kaltura in the 3rd quarter worth $25,000. BNP Paribas Financial Markets grew its stake in shares of Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock worth $25,000 after acquiring an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Kaltura in the 2nd quarter worth $28,000. Citadel Advisors LLC bought a new stake in shares of Kaltura in the 3rd quarter worth $35,000. Finally, Acuitas Investments LLC bought a new stake in shares of Kaltura in the 1st quarter worth $37,000. Institutional investors own 30.79% of the company's stock.
Analyst Ratings Changes
KLTR has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Kaltura from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Needham & Company LLC restated a "buy" rating and set a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $3.00.
Read Our Latest Stock Report on KLTR
Kaltura Company Profile
(
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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