Key Points
- Eynav Azaria sold 83,995 Kaltura shares at an average price of $2.01, generating $168,829.95 and reducing the insider’s stake by 3.89% to 2.07 million shares.
- Kaltura reported quarterly revenue of $46.89 million, above the $45.60 million consensus estimate, and posted EPS of $0.01 versus analyst expectations of a $0.01 loss.
- KLTR shares opened at $1.75, with analysts holding a consensus “Hold” rating and an average price target of $3.00; institutional investors own approximately 30.79% of the company.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 83,995 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total transaction of $168,829.95. Following the sale, the insider directly owned 2,072,527 shares of the company's stock, valued at $4,165,779.27. The trade was a 3.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Eynav Azaria also recently made the following trade(s):
- On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total transaction of $8,947.42.
- On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $4,906.80.
- On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction of $3,887.80.
- On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction of $14,303.80.
- On Wednesday, June 17th, Eynav Azaria sold 4,448 shares of Kaltura stock. The shares were sold at an average price of $1.43, for a total transaction of $6,360.64.
- On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total transaction of $17,868.04.
- On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total value of $28,794.88.
- On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $18,671.22.
- On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $5,948.79.
- On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,765.04.
Kaltura Stock Performance
Shares of Kaltura stock opened at $1.75 on Friday. The business's 50 day moving average price is $1.39 and its 200 day moving average price is $1.38. The company has a market cap of $266.96 million, a price-to-earnings ratio of -19.44 and a beta of 1.15. Kaltura, Inc. has a one year low of $1.05 and a one year high of $2.05.
Kaltura (NASDAQ:KLTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Kaltura had a negative return on equity of 40.54% and a negative net margin of 6.92%.The business had revenue of $46.89 million during the quarter, compared to the consensus estimate of $45.60 million.
Institutional Trading of Kaltura
Several hedge funds and other institutional investors have recently made changes to their positions in KLTR. BlackRock Inc. acquired a new stake in shares of Kaltura in the 2nd quarter worth approximately $7,792,000. Tocqueville Asset Management L.P. raised its holdings in Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company's stock worth $2,019,000 after purchasing an additional 575,000 shares during the last quarter. S Squared Technology LLC boosted its position in Kaltura by 39.6% during the fourth quarter. S Squared Technology LLC now owns 1,316,323 shares of the company's stock worth $2,159,000 after purchasing an additional 373,149 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Kaltura by 63.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company's stock worth $1,843,000 after purchasing an additional 355,358 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Kaltura in the second quarter valued at $358,000. Institutional investors and hedge funds own 30.79% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on KLTR. Needham & Company LLC reissued a "buy" rating and set a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kaltura in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kaltura presently has an average rating of "Hold" and an average target price of $3.00.
Check Out Our Latest Analysis on KLTR
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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