Key Points
- Director Eyal Manor sold 20,795 Kaltura shares at an average price of $1.58, generating $32,856.10 and reducing his ownership by 7.68% to 249,965 shares.
- Manor has made several additional sales recently, including 138,143 shares on August 5 at $1.92, indicating substantial recent insider selling.
- Kaltura shares opened at $1.58, with the company reporting quarterly revenue of $46.89 million and EPS of $0.01, while analysts maintain a mixed outlook with an average “Hold” rating and a $3.00 price target.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 20,795 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1.58, for a total transaction of $32,856.10. Following the completion of the sale, the director owned 249,965 shares in the company, valued at $394,944.70. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Eyal Manor also recently made the following trade(s):
- On Friday, August 28th, Eyal Manor sold 993 shares of Kaltura stock. The stock was sold at an average price of $1.60, for a total transaction of $1,588.80.
- On Wednesday, August 26th, Eyal Manor sold 21,638 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $33,106.14.
- On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The shares were 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 shares were sold at an average price of $1.29, for a total value of $11,384.25.
- On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The shares were sold at an average price of $1.30, for a total value of $44,981.30.
Kaltura Price Performance
Shares of NASDAQ KLTR opened at $1.58 on Tuesday. The business has a 50-day moving average of $1.45 and a two-hundred day moving average of $1.39. The company has a market capitalization of $241.03 million, a price-to-earnings ratio of -17.55 and a beta of 1.15. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.05.
Kaltura (NASDAQ:KLTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.The business had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Kaltura from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. One equities 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.com, Kaltura has an average rating of "Hold" and an average price target of $3.00.
Read Our Latest Analysis on KLTR
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Kaltura by 70.3% during the third 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 acquired a new stake in shares of Kaltura in the second quarter valued at approximately $28,000. Citadel Advisors LLC acquired a new stake in shares of Kaltura in the third quarter valued at approximately $35,000. Acuitas Investments LLC purchased a new position in shares of Kaltura during the first quarter worth approximately $37,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Kaltura during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 30.79% of the company's stock.
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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