Eynav Azaria Sells 12,341 Shares of Kaltura (NASDAQ:KLTR) Stock

Key Points

• Insider selling: Eynav Azaria sold 12,341 Kaltura shares at an average price of $1.49, generating $18,388.09. Azaria retained 2.03 million shares, while recent disclosures show additional sales in recent months.
• Stock performance: Kaltura shares opened at $1.46 and were down 1.4%, with a 12-month trading range of $1.05 to $2.05 and a market capitalization of approximately $222.7 million.
• Mixed outlook: Kaltura exceeded quarterly revenue and EPS expectations, but continued to report negative profitability metrics. Analyst sentiment remains mixed, resulting in an overall “Hold” rating and a $3.00 average price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 12,341 shares of Kaltura stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1.49, for a total transaction of $18,388.09. Following the completion of the sale, the insider directly owned 2,030,000 shares in the company, valued at $3,024,700. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, September 9th, Eynav Azaria sold 10,078 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $14,915.44.
• On Thursday, September 3rd, Eynav Azaria sold 9,866 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total value of $15,094.98.
• On Friday, September 4th, Eynav Azaria sold 8,176 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total value of $12,345.76.
• 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 value of $11,802.16.
• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The shares were 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 transaction of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total transaction 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 transaction of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction 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 transaction of $14,303.80.

Kaltura Trading Down 1.4%

KLTR opened at $1.46 on Thursday. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The company has a market cap of $222.72 million, a PE ratio of -16.22 and a beta of 1.18. The company has a 50 day moving average of $1.48 and a 200 day moving average of $1.39.

Kaltura (NASDAQ:KLTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $46.89 million for 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%.

Hedge Funds Weigh In On Kaltura

Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC grew its holdings in shares of Kaltura by 69.6% during the first quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company's stock worth $116,000 after purchasing an additional 25,352 shares in the last quarter. AQR Capital Management LLC raised its stake in Kaltura by 99.7% in the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company's stock valued at $94,000 after purchasing an additional 25,083 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Kaltura in the first quarter valued at approximately $128,000. Jane Street Group LLC bought a new stake in Kaltura during the first quarter valued at approximately $90,000. Finally, Rhumbline Advisers lifted its position in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock valued at $151,000 after purchasing an additional 7,760 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KLTR has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Kaltura from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.00.

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.

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