Key Points
- Kaltura director Eyal Manor sold 34,601 shares on June 25 at an average price of $1.30, worth about $44,981. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The stock was down 2.3% and opened at $1.26, leaving Kaltura with a market cap of about $189.5 million. The shares have traded between $1.05 and $2.06 over the past 12 months.
- Analysts remain cautious on KLTR, with a consensus rating of “Hold” and an average target price of $3.00. Kaltura’s latest quarterly results showed $0.01 EPS on revenue of $44.63 million, slightly above expectations.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 34,601 shares of the business's stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $1.30, for a total transaction of $44,981.30. Following the transaction, the director owned 439,366 shares in the company, valued at $571,175.80. The trade was a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kaltura Stock Down 2.3%
Shares of NASDAQ KLTR opened at $1.26 on Tuesday. The firm has a market cap of $189.47 million, a PE ratio of -12.60 and a beta of 1.14. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.06. The company's fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.42.
Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share 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 during the quarter, compared to the consensus estimate of $43.00 million.
Analysts Set New Price Targets
A number of brokerages recently commented on KLTR. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen lowered Kaltura from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Kaltura in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.00.
Check Out Our Latest Stock Report on KLTR
Institutional Trading of Kaltura
A number of institutional investors and hedge funds have recently modified their holdings of KLTR. BNP Paribas Financial Markets increased its position in shares of Kaltura by 70.3% during 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 last quarter. Qube Research & Technologies Ltd bought a new position in Kaltura in the 2nd quarter valued at $28,000. Citadel Advisors LLC bought a new position in Kaltura in the 3rd quarter valued at $35,000. Acuitas Investments LLC purchased a new stake in shares of Kaltura during the 1st quarter valued at $37,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Kaltura during the 4th quarter worth $38,000. 30.79% of the stock is owned by hedge funds and other institutional investors.
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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