Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells 8,176 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 8,176 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1.51, for a total transaction of $12,345.76. Following the transaction, the insider owned 2,042,341 shares in the company, valued at $3,083,934.91. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, September 2nd, Eynav Azaria sold 7,816 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total transaction of $11,802.16.
• 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 transaction 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 shares were 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 shares were 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 value of $6,360.64.
• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total value 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 value of $28,794.88.

Kaltura Stock Performance

NASDAQ:KLTR traded down $0.03 on Tuesday, hitting $1.49. 88,337 shares of the stock were exchanged, compared to its average volume of 564,834. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.05. The stock has a market capitalization of $226.54 million, a price-to-earnings ratio of -16.39 and a beta of 1.18. The company’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.39.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company 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 Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KLTR. BNP Paribas Financial Markets increased its stake in Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Kaltura during the 2nd quarter worth approximately $28,000. Citadel Advisors LLC acquired a new stake in shares of Kaltura in the third quarter valued at approximately $35,000. Acuitas Investments LLC acquired a new position in shares of Kaltura during the 1st quarter worth about $37,000. Finally, EntryPoint Capital LLC bought a new position in shares of Kaltura in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

KLTR has been the subject of several recent research reports. 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. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.