Key Points
- Director Eyal Manor sold 21,638 Kaltura shares at an average price of $1.53, generating $33,106 and reducing his holdings by 7.4% to 270,760 shares. He has also sold shares in three other transactions since June.
- Kaltura shares opened at $1.60, with a $244.1 million market capitalization and a 12-month trading range of $1.05 to $2.05. The company slightly exceeded quarterly expectations, reporting $0.01 EPS and $46.89 million in revenue.
- Analyst sentiment is mixed, with a consensus “Hold” rating and a $3.00 average price target; institutional investors own 30.79% of the stock, including recent purchases by BlackRock and S Squared Technology.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 21,638 shares of Kaltura stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1.53, for a total transaction of $33,106.14. Following the completion of the sale, the director owned 270,760 shares of the company's stock, valued at $414,262.80. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Eyal Manor also recently made the following trade(s):
- On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The stock was sold at an average price of $1.92, for a total value of $265,234.56.
- On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The stock was sold at an average price of $1.29, for a total transaction of $11,384.25.
- 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 transaction of $44,981.30.
Kaltura Stock Performance
Shares of NASDAQ KLTR opened at $1.60 on Friday. The stock has a market cap of $244.08 million, a P/E ratio of -17.78 and a beta of 1.15. The business's fifty day simple moving average is $1.45 and its 200-day simple moving average is $1.39. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.05.
Kaltura (NASDAQ:KLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $46.89 million during the quarter, compared to analysts' expectations of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.
Wall Street Analysts Forecast Growth
KLTR has been the subject of a number of research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Kaltura in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Kaltura from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Needham & Company LLC reissued a "buy" rating and set a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $3.00.
Check Out Our Latest Research Report on Kaltura
Hedge Funds Weigh In On Kaltura
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Kaltura during the 2nd quarter worth $7,792,000. Vanguard Group Inc. boosted its holdings in shares of Kaltura by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company's stock valued at $7,215,000 after acquiring an additional 79,633 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kaltura by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company's stock valued at $3,352,000 after acquiring an additional 122,548 shares in the last quarter. S Squared Technology LLC acquired a new position in shares of Kaltura during the second quarter worth about $2,525,645. Finally, Russell Investments Group Ltd. increased its stake in shares of Kaltura by 5.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company's stock worth $2,796,000 after acquiring an additional 83,792 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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