Kaltura (NASDAQ:KLTR) Director Eyal Manor Sells 8,825 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 8,825 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1.29, for a total value of $11,384.25. Following the completion of the transaction, the director owned 430,541 shares of the company’s stock, valued at $555,397.89. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eyal Manor also recently made the following trade(s):

• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The stock was sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Stock Up 3.2%

NASDAQ:KLTR opened at $1.30 on Wednesday. The firm’s fifty day simple moving average is $1.41 and its 200-day simple moving average is $1.42. The stock has a market cap of $195.49 million, a PE ratio of -13.00 and a beta of 1.14. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.06.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KLTR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. 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 target price on shares of Kaltura in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.00.

Institutional Trading of Kaltura

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Kaltura by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock valued at $798,000 after purchasing an additional 14,300 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of Kaltura during the 1st quarter worth about $122,000. Hsbc Holdings PLC grew its holdings in shares of Kaltura by 69.2% during the first quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock worth $85,000 after buying an additional 28,194 shares in the last quarter. Acuitas Investments LLC acquired a new position in shares of Kaltura in the first quarter valued at approximately $37,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Kaltura in the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Company Profile

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.