Key Points
- Insider selling: Kaltura insider Eynav Azaria sold 16,218 shares on June 4 at an average price of $1.44, worth about $23,354, and the sale was made under a pre-arranged Rule 10b5-1 plan.
- Ongoing share reductions: Azaria also sold several additional blocks of Kaltura stock in recent days, continuing a pattern of repeated insider sales in late April and May.
- Stock and fundamentals: Kaltura shares were up 2.2% and opened at $1.42, while the company reported quarterly EPS of $0.01 and revenue of $44.63 million, slightly above analysts’ expectations.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 16,218 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $1.44, for a total value of $23,353.92. Following the completion of the transaction, the insider owned 2,259,073 shares in the company, valued at $3,253,065.12. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total value of $3,953.95.
- On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total value of $648.15.
- On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total value of $11,340.36.
- 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 value 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 value 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 value 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 value 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 value of $46,724.38.
Kaltura Trading Up 2.2%
KLTR opened at $1.42 on Tuesday. The stock has a 50-day moving average price of $1.34 and a 200-day moving average price of $1.44. Kaltura, Inc. has a 12-month low of $1.06 and a 12-month high of $2.25. The stock has a market capitalization of $213.54 million, a P/E ratio of -14.20 and a beta of 1.14.
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. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.The firm had revenue of $44.63 million during the quarter, compared to analysts' expectations of $43.00 million.
Institutional Investors Weigh In On Kaltura
Several institutional investors and hedge funds have recently bought and sold shares of KLTR. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 7,184 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Kaltura in the 2nd quarter worth approximately $28,000. Citadel Advisors LLC purchased a new stake in Kaltura in the 3rd quarter worth approximately $35,000. Acuitas Investments LLC purchased a new stake in Kaltura in the 1st quarter worth approximately $37,000. Finally, EntryPoint Capital LLC purchased a new stake in Kaltura in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 30.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. 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. Wall Street Zen cut Kaltura from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Kaltura has a consensus rating of "Hold" and a consensus price target of $3.00.
View Our Latest Report on Kaltura
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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