Kaltura (NASDAQ:KLTR) Director Sells $33,106.14 in Stock

Key Points

• Director Eyal Manor sold 21,638 Kaltura shares at an average price of $1.53, generating $33,106.14 and reducing his direct stake by 7.4% to 270,760 shares. He has also sold more than 181,000 additional shares since late June.
• Kaltura shares were trading at $1.59, down 0.3%, with a market capitalization of approximately $243 million. The stock has ranged from $1.05 to $2.05 over the past year.
• Kaltura exceeded quarterly expectations, reporting $0.01 EPS versus a consensus loss estimate of $0.01 and revenue of $46.89 million versus $45.60 million expected. Analysts’ consensus rating is Hold, with a $3.00 price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 21,638 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1.53, for a total value of $33,106.14. Following the completion of the sale, the director directly owned 270,760 shares of the company's stock, valued at approximately $414,262.80. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The stock was sold at an average price of $1.29, for a total value 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 value of $44,981.30.

Kaltura Trading Down 0.3%

KLTR stock traded down $0.01 during midday trading on Friday, hitting $1.59. The company had a trading volume of 104,620 shares, compared to its average volume of 578,372. The stock has a market cap of $243.32 million, a price-to-earnings ratio of -17.72 and a beta of 1.15. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.05. The stock's 50 day moving average price is $1.44 and its 200 day moving average price is $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, topping the consensus estimate of ($0.01) by $0.02. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%. The firm had revenue of $46.89 million for the quarter, compared to analysts' expectations of $45.60 million.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KLTR shares. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 price objective 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 research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $3.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Kaltura in the 2nd quarter worth $7,792,000. Vanguard Group Inc. increased its position in shares of Kaltura by 1.6% during the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company's stock valued at $7,215,000 after buying an additional 79,633 shares during the period. Geode Capital Management LLC raised its stake in Kaltura by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company's stock worth $3,352,000 after buying an additional 122,548 shares in the last quarter. S Squared Technology LLC bought a new position in Kaltura in the second quarter worth about $2,525,645,000. Finally, Russell Investments Group Ltd. lifted its holdings in Kaltura by 5.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company's stock worth $2,796,000 after buying an additional 83,792 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.

About Kaltura

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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