Key Points
- Insider selling continued: Kaltura insider Natan Israeli sold 16,631 shares on June 2 at an average price of $1.52, totaling about $25,279. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Multiple recent transactions: Israeli also disclosed several other sales in late May and early June, including a 22,877-share sale on June 1 and a 28,882-share sale on May 13, indicating a steady pattern of insider disposals.
- Company backdrop: Kaltura stock was up 2.1% to $1.45, while the company reported quarterly EPS of $0.01 and revenue of $44.63 million, slightly above analyst expectations. Analysts currently rate the stock Hold with an average target price of $3.00.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Natan Israeli sold 16,631 shares of Kaltura stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1.52, for a total value of $25,279.12. Following the completion of the transaction, the insider directly owned 2,077,766 shares in the company, valued at approximately $3,158,204.32. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
- On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The stock was sold at an average price of $1.57, for a total value of $35,916.89.
- On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $300.00.
- On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $2,772.36.
- On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $20,108.08.
- 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 value 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 value 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 value 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 value 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 value of $43,611.82.
Kaltura Stock Up 2.1%
Shares of NASDAQ:KLTR opened at $1.45 on Friday. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month high of $2.26. The stock's 50 day moving average is $1.34 and its 200-day moving average is $1.44. The firm has a market capitalization of $218.05 million, a price-to-earnings ratio of -14.50 and a beta of 1.14.
Kaltura (NASDAQ:KLTR - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.The company had revenue of $44.63 million for the quarter, compared to analyst estimates of $43.00 million.
Institutional Investors Weigh In On Kaltura
Several institutional investors have recently bought and sold shares of KLTR. BNP Paribas Financial Markets grew its holdings in Kaltura by 70.3% during the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock worth $25,000 after buying an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Kaltura during the second quarter worth $28,000. Citadel Advisors LLC bought a new stake in Kaltura during the third quarter worth $35,000. Acuitas Investments LLC bought a new stake in Kaltura during the first quarter worth $37,000. Finally, EntryPoint Capital LLC bought a new stake in Kaltura during the fourth quarter worth $38,000. Institutional investors own 30.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $3.00.
View Our Latest Stock Report on Kaltura
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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