Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $28,794.88 in Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 19,456 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1.48, for a total transaction of $28,794.88. Following the completion of the sale, the insider owned 2,195,818 shares in the company, valued at $3,249,810.64. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 value of $18,671.22.
• On Thursday, June 11th, Eynav Azaria sold 4,219 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $5,948.79.
• On Wednesday, June 10th, Eynav Azaria sold 8,344 shares of Kaltura stock. The shares were 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 shares were 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 transaction of $648.15.

Kaltura Price Performance

Shares of NASDAQ KLTR opened at $1.40 on Friday. The stock has a market capitalization of $210.53 million, a price-to-earnings ratio of -14.00 and a beta of 1.14. The firm’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.44. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.12.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KLTR. BNP Paribas Financial Markets boosted its holdings in Kaltura by 70.3% in the 3rd 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 last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Kaltura during the second quarter valued at approximately $28,000. Citadel Advisors LLC acquired a new position in shares of Kaltura during the third quarter valued at approximately $35,000. Acuitas Investments LLC purchased a new position in shares of Kaltura in the first quarter valued at approximately $37,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Kaltura in the fourth quarter valued at approximately $38,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

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.