Insider Selling: Kaltura (NASDAQ:KLTR) Director Sells 20,795 Shares

Key Points

• Kaltura director Eyal Manor sold 20,795 shares at an average price of $1.58, generating $32,856 in proceeds and reducing his ownership by 7.68% to 249,965 shares. He has also reported several additional sales in recent months.
• Kaltura shares fell 0.6% to $1.59, with a market capitalization of approximately $242.6 million. The stock has traded between $1.05 and $2.05 over the past year.
• The company exceeded quarterly expectations, reporting adjusted EPS of $0.01 versus estimates of a $0.01 loss and revenue of $46.89 million versus the $45.60 million consensus. Analyst sentiment remains mixed, with an average “Hold” rating and a $3.00 price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 20,795 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1.58, for a total transaction of $32,856.10. Following the sale, the director owned 249,965 shares in the company, valued at $394,944.70. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, August 28th, Eyal Manor sold 993 shares of Kaltura stock. The stock was sold at an average price of $1.60, for a total transaction of $1,588.80.
• On Wednesday, August 26th, Eyal Manor sold 21,638 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $33,106.14.
• On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The shares were sold at an average price of $1.92, for a total transaction of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The shares were sold at an average price of $1.29, for a total transaction of $11,384.25.
• 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 Trading Down 0.6%

Shares of KLTR stock traded down $0.01 on Monday, reaching $1.59. 54,231 shares of the stock were exchanged, compared to its average volume of 575,751. The company has a market capitalization of $242.55 million, a price-to-earnings ratio of -17.66 and a beta of 1.15. The business's 50 day moving average price is $1.45 and its 200 day moving average price is $1.39. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05.

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

Institutional Investors Weigh In On Kaltura

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Kaltura during the 2nd quarter worth $7,792,000. S Squared Technology LLC acquired a new stake in shares of Kaltura in the second quarter valued at about $2,525,645. Tocqueville Asset Management L.P. boosted its holdings in Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company's stock worth $2,019,000 after buying an additional 575,000 shares in the last quarter. Globeflex Capital L P purchased a new stake in Kaltura during the second quarter worth about $676,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Kaltura by 63.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company's stock worth $1,843,000 after buying an additional 355,358 shares during the period. Institutional investors and hedge funds own 30.79% of the company's stock.

Analyst Upgrades and Downgrades

KLTR has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Kaltura from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kaltura currently 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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