Kaltura (NASDAQ:KLTR) Insider Sells 9,866 Shares of Stock

Key Points

• Kaltura insider Eynav Azaria sold 9,866 shares at an average price of $1.53, generating $15,094.98. Following the sale, Azaria retained 2.05 million shares valued at approximately $3.14 million.
• Kaltura shares recently traded at $1.49, with a market capitalization of about $226.5 million; the stock has ranged from $1.05 to $2.05 over the past year.
• The company exceeded quarterly expectations, reporting $46.89 million in revenue and $0.01 earnings per share. Analyst views remain mixed, resulting in a consensus “Hold” rating and a $3.00 price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Eynav Azaria sold 9,866 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1.53, for a total transaction of $15,094.98. Following the completion of the transaction, the insider directly owned 2,050,517 shares in the company, valued at approximately $3,137,291.01. The trade was a 0.48% decrease in their position. 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 Friday, September 4th, Eynav Azaria sold 8,176 shares of Kaltura stock. The shares were 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 stock was sold at an average price of $1.51, for a total transaction of $11,802.16.
• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The stock was sold at an average price of $1.54, for a total transaction of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The shares were sold at an average price of $2.01, for a total transaction of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The shares were sold at an average price of $1.42, for a total transaction of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total value of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total value of $3,887.80.
• On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total value of $14,303.80.
• On Wednesday, June 17th, Eynav Azaria sold 4,448 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total value of $6,360.64.
• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total value of $17,868.04.

Kaltura Price Performance

Shares of NASDAQ:KLTR traded down $0.03 during mid-day trading on Tuesday, reaching $1.49. 112,263 shares of the company traded hands, compared to its average volume of 565,288. The company's 50 day moving average price is $1.47 and its 200-day moving average price is $1.39. The firm has a market cap of $226.54 million, a PE ratio of -16.50 and a beta of 1.18. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.05.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on KLTR shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 target price on shares of Kaltura in a report on Wednesday, May 13th. Wall Street Zen upgraded Kaltura from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Finally, Weiss Ratings reaffirmed 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.00.

Hedge Funds Weigh In On Kaltura

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. S Squared Technology LLC bought a new position in shares of Kaltura during the 2nd quarter valued at approximately $2,525,645. BlackRock Inc. purchased a new position in Kaltura during the 2nd quarter valued at $7,792,000. Globeflex Capital L P bought a new position in shares of Kaltura in the second quarter worth about $676,000. Hsbc Holdings PLC grew its stake in Kaltura by 69.2% in the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company's stock worth $85,000 after acquiring an additional 28,194 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in Kaltura during the 1st quarter worth $37,000. 30.79% of the stock is owned by 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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