Natan Israeli Sells 9,829 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 9,829 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1.50, for a total value of $14,743.50. Following the sale, the insider directly owned 2,195,153 shares in the company, valued at approximately $3,292,729.50. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Natan Israeli also recently made the following trade(s):

• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $43,611.82.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $1,661.00.

Kaltura Stock Performance

Shares of KLTR stock opened at $1.50 on Friday. Kaltura, Inc. has a fifty-two week low of $1.06 and a fifty-two week high of $2.28. The firm has a market capitalization of $225.57 million, a price-to-earnings ratio of -15.00 and a beta of 1.11. The stock’s 50-day simple moving average is $1.29 and its 200-day simple moving average is $1.45.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.The business had revenue of $44.63 million for the quarter, compared to analyst estimates of $43.00 million.

Institutional Investors Weigh In On Kaltura

A number of institutional investors and hedge funds have recently modified their holdings of KLTR. SG Americas Securities LLC acquired a new stake in shares of Kaltura during the third quarter worth about $25,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 purchasing an additional 7,184 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Kaltura during the second quarter worth about $28,000. Citadel Advisors LLC acquired a new stake in shares of Kaltura during the third quarter worth about $35,000. Finally, Acuitas Investments LLC acquired a new stake in shares of Kaltura during the first quarter worth about $37,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KLTR shares. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kaltura has an average rating of “Hold” and an average target price of $3.00.

About Kaltura

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.