Key Points
- Kaltura director Eyal Manor sold 8,825 shares on June 26 at an average price of $1.29, for proceeds of about $11,384. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Manor also sold 34,601 shares the prior day at an average price of $1.30, and after both transactions still held 430,541 shares valued at roughly $555,398.
- Kaltura shares were trading around $1.30, with the stock up 3.2% on the day. The company recently posted quarterly revenue of $44.63 million, topping expectations, while analysts currently have a Hold consensus and a $3.00 price target.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 8,825 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1.29, for a total value of $11,384.25. Following the transaction, the director directly owned 430,541 shares in the company, valued at approximately $555,397.89. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eyal Manor also recently made the following trade(s):
- On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The stock was sold at an average price of $1.30, for a total value of $44,981.30.
Kaltura Trading Up 3.2%
NASDAQ KLTR opened at $1.30 on Wednesday. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.06. The business's 50-day moving average price is $1.41 and its 200 day moving average price is $1.42. The company has a market capitalization of $195.49 million, a PE ratio of -13.00 and a beta of 1.14.
Kaltura (NASDAQ:KLTR - Get Free Report) last released its 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 business had revenue of $44.63 million for the quarter, compared to analysts' expectations of $43.00 million.
Hedge Funds Weigh In On Kaltura
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased 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 valued at $25,000 after purchasing an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Kaltura in the second quarter valued at about $28,000. Citadel Advisors LLC acquired a new position in shares of Kaltura during the third quarter worth about $35,000. Acuitas Investments LLC acquired a new position in shares of Kaltura during the first quarter worth about $37,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Kaltura in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 30.79% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on KLTR shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. 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. Finally, Wall Street Zen cut Kaltura from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.00.
Check Out Our Latest Stock Analysis 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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