Key Points
- Kaltura insider Eynav Azaria sold 7,816 shares at an average price of $1.51, generating $11,802.16. After the transaction, Azaria retained 2,060,383 shares, with ownership declining 0.38%.
- The sale follows a series of insider disposals, including 83,995 shares sold in August and additional sales in June and July, indicating continued insider selling activity.
- Kaltura recently exceeded quarterly expectations, reporting $0.01 in earnings per share and $46.89 million in revenue. Shares opened at $1.53, while analysts maintain a consensus “Hold” rating with an average price target of $3.00.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 7,816 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $1.51, for a total value of $11,802.16. Following the completion of the sale, the insider owned 2,060,383 shares of the company's stock, valued at $3,111,178.33. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eynav Azaria also recently made the following trade(s):
- On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The stock was sold at an average price of $1.54, for a total value of $6,665.12.
- On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The stock was sold at an average price of $2.01, for a total value of $168,829.95.
- 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 value of $8,947.42.
- On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $4,906.80.
- On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $3,887.80.
- On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value 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 shares were 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 transaction of $28,794.88.
- On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $18,671.22.
Kaltura Price Performance
Shares of KLTR stock opened at $1.53 on Friday. The company has a market capitalization of $233.40 million, a PE ratio of -17.00 and a beta of 1.18. The firm's 50-day moving average is $1.46 and its two-hundred day 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share 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 net margin of 6.92% and a negative return on equity of 51.05%.
Institutional Investors Weigh In On Kaltura
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Kaltura during the 2nd quarter worth approximately $7,792,000. S Squared Technology LLC purchased a new stake in Kaltura in the second quarter valued at approximately $2,525,645. Tocqueville Asset Management L.P. lifted its stake 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 in the last quarter. Globeflex Capital L P purchased a new position in shares of Kaltura during the second quarter worth $676,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of 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 buying an additional 355,358 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Wall Street Zen raised Kaltura from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.00.
View Our Latest Report 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.
See Also
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