Eynav Azaria Sells 10,217 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 10,217 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $1.40, for a total transaction of $14,303.80. Following the completion of the transaction, the insider owned 2,169,080 shares in the company, valued at approximately $3,036,712. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 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.
• 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 value 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 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 stock was sold at an average price of $1.44, for a total transaction 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 transaction of $3,953.95.

Kaltura Stock Performance

Shares of KLTR stock opened at $1.35 on Wednesday. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.06. The company has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.43. The stock has a market capitalization of $203.01 million, a P/E ratio of -13.50 and a beta of 1.14.

Kaltura (NASDAQ:KLTR) last released 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 net margin of 8.25% and a negative return on equity of 35.91%.

Analysts Set New Price Targets

KLTR has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Kaltura in a report on Wednesday, May 13th. 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 company’s 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

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings 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 stake in Kaltura during the second quarter worth approximately $28,000. Citadel Advisors LLC purchased a new stake in shares of Kaltura during the 3rd quarter worth approximately $35,000. Acuitas Investments LLC purchased a new stake in shares of Kaltura during the 1st quarter worth approximately $37,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Kaltura in the 4th quarter valued at $38,000. 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.