Key Points
- Kaltura insider Natan Israeli sold 22,877 shares on June 1 at an average price of $1.57, totaling about $35,917. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Israeli still owned 2,094,397 shares of Kaltura, and the sale reduced his position by about 1.08%. The article also notes he has made several other sales in recent weeks.
- Kaltura’s shares were down 6.9% and opened at $1.42, while the company recently reported better-than-expected revenue of $44.63 million and EPS of $0.01 for the quarter. Analysts currently rate the stock a Hold with a consensus price target of $3.00.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 7,412 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1.53, for a total transaction of $11,340.36. Following the sale, the insider directly owned 2,275,726 shares in the company, valued at $3,481,860.78. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eynav Azaria also recently made the following trade(s):
- On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total transaction of $1,268.74.
- On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The stock was sold at an average price of $1.47, for a total transaction of $25,976.37.
- On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $3,740.80.
- On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The stock was sold at an average price of $1.45, for a total transaction of $16,074.70.
- On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total transaction of $46,724.38.
Kaltura Trading Down 6.9%
NASDAQ KLTR opened at $1.42 on Thursday. The firm's fifty day moving average price is $1.33 and its two-hundred day moving average price is $1.44. Kaltura, Inc. has a 1 year low of $1.06 and a 1 year high of $2.28. The firm has a market capitalization of $212.79 million, a P/E ratio of -14.15 and a beta of 1.14.
Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The firm had revenue of $44.63 million for the quarter, compared to analyst estimates of $43.00 million.
Hedge Funds Weigh In On Kaltura
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock valued at $25,000 after acquiring an additional 7,184 shares during the period. GSA Capital Partners LLP increased its position in Kaltura by 7.4% during the third quarter. GSA Capital Partners LLP now owns 111,532 shares of the company's stock worth $161,000 after acquiring an additional 7,695 shares during the period. Rhumbline Advisers increased its position in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock worth $151,000 after acquiring an additional 7,760 shares during the period. Invesco Ltd. increased its position in Kaltura by 21.4% during the second quarter. Invesco Ltd. now owns 46,288 shares of the company's stock worth $93,000 after acquiring an additional 8,157 shares during the period. Finally, Hsbc Holdings PLC increased its position in Kaltura by 27.9% during the fourth quarter. Hsbc Holdings PLC now owns 40,763 shares of the company's stock worth $67,000 after acquiring an additional 8,901 shares during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
KLTR has been the topic of several analyst reports. Wall Street Zen lowered shares of Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Needham & Company LLC reiterated a "buy" rating and issued a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Kaltura currently has an average rating of "Hold" and an average target price of $3.00.
Check Out Our Latest Report 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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