Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 8,037 Shares of Stock

Key Points

• Kaltura insider Eynav Azaria sold 8,037 shares at an average price of $1.43, generating $11,492.91. The sale reduced Azaria’s ownership by 0.41%, leaving 1,964,343 shares valued at approximately $2.81 million.
• Azaria has conducted multiple additional sales since September, indicating a continued pattern of insider selling at prices between $1.40 and $1.45 per share.
• Kaltura shares fell 3.1% to $1.41, while the company reported quarterly revenue of $46.89 million and earnings per share of $0.01. Analyst sentiment remains mixed, with an overall “Hold” rating and a $3.00 consensus price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 8,037 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $1.43, for a total value of $11,492.91. Following the transaction, the insider directly owned 1,964,343 shares in the company, valued at $2,809,010.49. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 14th, Eynav Azaria sold 2,665 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total value of $3,731.00.
• On Tuesday, October 13th, Eynav Azaria sold 5,156 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total value of $7,218.40.
• On Monday, October 12th, Eynav Azaria sold 1,336 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $1,870.40.
• On Friday, September 18th, Eynav Azaria sold 4,100 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $5,781.00.
• 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 Wednesday, September 16th, Eynav Azaria sold 7,116 shares of Kaltura stock. The shares were sold at an average price of $1.42, for a total transaction of $10,104.72.
• On Monday, September 14th, Eynav Azaria sold 5,149 shares of Kaltura stock. The shares were 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 transaction 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.

Kaltura Trading Down 3.1%

KLTR stock traded down $0.04 during trading hours on Friday, hitting $1.41. 144,108 shares of the stock were exchanged, compared to its average volume of 518,394. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The firm has a market capitalization of $214.33 million, a P/E ratio of -15.61 and a beta of 1.20. The company has a 50-day simple moving average of $1.47 and a two-hundred day simple moving average of $1.40.

Kaltura (NASDAQ:KLTR - Get Free Report) last announced 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. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%. The company had revenue of $46.89 million during the quarter, compared to analysts' expectations of $45.60 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in shares of Kaltura in the 2nd quarter valued at approximately $204,000. Bank of America Corp DE bought a new stake in Kaltura in the second quarter valued at approximately $197,000. Hsbc Holdings PLC acquired a new stake in Kaltura during the 2nd quarter valued at approximately $46,000. S Squared Technology LLC acquired a new stake in Kaltura during the 2nd quarter valued at approximately $2,525,645. Finally, Globeflex Capital L P bought a new position in Kaltura during the 2nd quarter worth approximately $676,000. Institutional investors own 30.79% of the company's stock.

Analyst Ratings Changes

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

About Kaltura

Kaltura, Inc NASDAQ: KLTR is a cloud-based video technology company that provides tools for creating, managing, distributing and analyzing video content. Its platform is designed for organizations that use video for communications, learning, collaboration, marketing, customer engagement and digital media operations.

The company's products include video management and hosting, live streaming, webinars and virtual events, virtual classrooms, video portals, town halls, video-based collaboration and analytics.

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