Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $17,868.04 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 12,073 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $1.48, for a total transaction of $17,868.04. Following the completion of the sale, the insider owned 2,183,745 shares of the company’s stock, valued at approximately $3,231,942.60. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Eynav Azaria also recently made the following trade(s):

• On Wednesday, June 17th, Eynav Azaria sold 4,448 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total transaction of $6,360.64.
• On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The shares were 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 shares were sold at an average price of $1.41, for a total transaction of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $11,765.04.
• On Tuesday, June 9th, Eynav Azaria sold 6,975 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $9,834.75.
• On Monday, June 8th, Eynav Azaria sold 8,254 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $11,638.14.
• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The shares were sold at an average price of $1.44, for a total value of $23,353.92.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total value of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total value of $648.15.

Kaltura Price Performance

Shares of NASDAQ KLTR opened at $1.40 on Friday. Kaltura, Inc. has a 1-year low of $1.05 and a 1-year high of $2.12. The business has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.44. The stock has a market capitalization of $210.53 million, a P/E ratio of -14.00 and a beta of 1.14.

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

Wall Street Analyst Weigh In

KLTR has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Kaltura

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in Kaltura by 69.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after acquiring an additional 25,352 shares during the period. AQR Capital Management LLC raised its stake in shares of Kaltura by 99.7% in the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock worth $94,000 after purchasing an additional 25,083 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Kaltura in the first quarter worth about $128,000. Jane Street Group LLC acquired a new stake in shares of Kaltura during the first quarter worth about $90,000. Finally, Rhumbline Advisers lifted its holdings in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after purchasing an additional 7,760 shares during the period. 30.79% of the stock is owned by institutional investors and hedge funds.

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.