Insider Selling: Kaltura (NASDAQ:KLTR) Major Shareholder Sells 26,670 Shares of Stock

Key Points

• Major shareholder Nexus India Capital II LP sold 26,670 Kaltura shares at an average $1.64, receiving about $43,739; it retained roughly 16.03 million shares. It also reported selling 31,897 shares the following day at an average $1.52.
• Kaltura beat quarterly estimates, reporting EPS of $0.02 versus a consensus loss of $0.01 and revenue of $47.27 million versus expectations of $46.10 million.
• Shares traded at $1.37, down 1.4% on the day. Analysts’ consensus rating was Hold, with a $3.00 price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) major shareholder Nexus India Capital Ii Lp sold 26,670 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $1.64, for a total transaction of $43,738.80. Following the sale, the insider directly owned 16,027,187 shares of the company's stock, valued at approximately $26,284,586.68. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Nexus India Capital Ii Lp also recently made the following trade(s):

• On Wednesday, November 11th, Nexus India Capital Ii Lp sold 31,897 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total transaction of $48,483.44.

Kaltura Stock Down 1.4%

NASDAQ:KLTR traded down $0.02 during trading hours on Friday, reaching $1.37. 150,867 shares of the company's stock were exchanged, compared to its average volume of 494,879. The company has a market capitalization of $211.09 million, a P/E ratio of -17.12 and a beta of 1.24. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The business's 50-day simple moving average is $1.40 and its two-hundred day simple moving average is $1.40.

Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $47.27 million for the quarter, compared to analysts' expectations of $46.10 million. Kaltura had a negative return on equity of 67.69% and a negative net margin of 6.18%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KLTR. Weiss Ratings restated a "sell (e+)" rating on shares of Kaltura in a report on Friday, September 11th. Wall Street Zen downgraded Kaltura from a "buy" rating to a "hold" rating in a report on Sunday, November 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.00.

Institutional Trading of Kaltura

Several hedge funds and other institutional investors have recently modified their holdings of KLTR. Gabelli Funds LLC acquired a new stake in Kaltura during the 3rd quarter worth about $33,000. Hsbc Holdings PLC purchased a new position in Kaltura during the 2nd quarter valued at about $46,000. Deutsche Bank AG acquired a new position in shares of Kaltura in the 2nd quarter valued at about $94,000. State of Wyoming acquired a new position in shares of Kaltura in the 2nd quarter valued at about $109,000. Finally, Ieq Capital LLC acquired a new position in shares of Kaltura in the 2nd quarter valued at about $126,000. Institutional investors and hedge funds own 30.79% of the company's stock.

About Kaltura

Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company's offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura's technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.

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