Eynav Azaria Sells 7,116 Shares of Kaltura (NASDAQ:KLTR) Stock

Key Points

• Eynav Azaria sold 7,116 Kaltura shares at an average price of $1.42, generating $10,104.72; the transaction reduced the insider’s holdings by 0.36% to 1,992,125 shares. Azaria has also made numerous additional sales in September.
• Kaltura shares recently traded at $1.39, within a 52-week range of $1.05 to $2.05, with a market capitalization of approximately $211.3 million. The company exceeded quarterly expectations, reporting $0.01 EPS and $46.89 million in revenue.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and a $3.00 price target. Institutional investors own 30.79% of Kaltura, including recent new positions from BlackRock and S Squared Technology.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 7,116 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $1.42, for a total transaction of $10,104.72. Following the completion of the sale, the insider directly owned 1,992,125 shares of the company's stock, valued at $2,828,817.50. The trade was a 0.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, September 17th, Eynav Azaria sold 6,488 shares of Kaltura stock. The shares were sold at an average price of $1.42, for a total transaction of $9,212.96.
• On Monday, September 14th, Eynav Azaria sold 5,149 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total transaction of $7,363.07.
• On Tuesday, September 15th, Eynav Azaria sold 6,113 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total value of $8,619.33.
• On Friday, September 11th, Eynav Azaria sold 5,656 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total value of $8,031.52.
• On Thursday, September 10th, Eynav Azaria sold 3,763 shares of Kaltura stock. The shares were sold at an average price of $1.45, for a total value of $5,456.35.
• On Wednesday, September 9th, Eynav Azaria sold 10,078 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total value of $14,915.44.
• On Tuesday, September 8th, Eynav Azaria sold 12,341 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total transaction of $18,388.09.
• On Thursday, September 3rd, Eynav Azaria sold 9,866 shares of Kaltura stock. The shares were sold at an average price of $1.53, for a total transaction 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 transaction 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 transaction of $11,802.16.

Kaltura Stock Performance

Shares of NASDAQ KLTR traded down $0.04 during midday trading on Friday, reaching $1.39. 93,214 shares of the company's stock were exchanged, compared to its average volume of 549,127. Kaltura, Inc. has a 52-week low of $1.05 and a 52-week high of $2.05. The business's fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.40. The stock has a market capitalization of $211.28 million, a PE ratio of -15.39 and a beta of 1.18.

Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KLTR. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kaltura in a research report on Friday, September 11th. Wall Street Zen cut Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday, September 12th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $3.00.

Institutional Investors Weigh In On Kaltura

Hedge funds and other institutional investors have recently bought and sold shares of the business. S Squared Technology LLC acquired a new position in Kaltura in the second quarter worth approximately $2,525,645. BlackRock Inc. acquired a new position in shares of Kaltura in the 2nd quarter worth $7,792,000. Globeflex Capital L P purchased a new stake in shares of Kaltura during the second quarter valued at $676,000. Ieq Capital LLC acquired a new position in shares of Kaltura in the 2nd quarter valued at $126,000. Finally, Deutsche Bank AG acquired a new position in shares of Kaltura in the 2nd quarter valued at $94,000. 30.79% of the stock is currently owned by institutional investors.

About Kaltura

Kaltura, Inc provides cloud-based video technology and software services for businesses, educational institutions, media companies, telecommunications providers and government organizations. Its platform is designed to help customers create, manage, distribute and analyze live and on-demand video content across digital channels.

The company's product offerings include video management and hosting, virtual classrooms, webinar and virtual event tools, video portals, live streaming and audience engagement solutions.

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