Kaltura (NASDAQ:KLTR) Stock: Insider Nexus India Capital Ii Lp Sells 31,897 Shares

Key Points

• Major shareholder Nexus India Capital II sold 31,897 Kaltura shares at an average of $1.52, worth about $48,483, reducing its stake by 0.20% while retaining roughly 16.0 million shares. It also sold 26,670 shares the previous day.
• Kaltura reported quarterly EPS of $0.02, beating the $0.01 loss analysts expected, and revenue of $47.27 million versus a $46.10 million consensus estimate. The stock recently traded at $1.37, within a 52-week range of $1.05–$2.05.
• Analyst sentiment is mixed, with one Buy and one Sell rating; MarketBeat’s consensus rating is Hold with a $3.00 price target. Institutional investors and hedge funds own 30.79% of the company.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) major shareholder Nexus India Capital Ii Lp sold 31,897 shares of the stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $1.52, for a total transaction of $48,483.44. Following the completion of the sale, the insider owned 15,995,290 shares in the company, valued at $24,312,840.80. The trade was a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, November 10th, Nexus India Capital Ii Lp sold 26,670 shares of Kaltura stock. The stock was sold at an average price of $1.64, for a total transaction of $43,738.80.

Kaltura Stock Performance

NASDAQ KLTR traded down $0.02 on Friday, reaching $1.37. 150,867 shares of the company's stock traded hands, compared to its average volume of 494,879. The firm has a market cap of $211.09 million, a price-to-earnings ratio of -17.12 and a beta of 1.24. The stock has a 50 day moving average price of $1.40 and a 200-day moving average price of $1.40. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KLTR. Empowered Funds LLC purchased a new position in shares of Kaltura in the 3rd quarter valued at about $192,000. Gabelli Funds LLC acquired a new position in Kaltura in the 3rd quarter worth about $33,000. Russell Investments Group Ltd. raised its holdings in Kaltura by 32.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,678,161 shares of the company's stock worth $2,148,000 after purchasing an additional 407,648 shares during the period. Gagnon Advisors LLC boosted its position in Kaltura by 76.0% during the third quarter. Gagnon Advisors LLC now owns 2,487,034 shares of the company's stock worth $3,183,000 after purchasing an additional 1,074,024 shares in the last quarter. Finally, Gagnon Securities LLC boosted its position in Kaltura by 40.6% during the third quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company's stock worth $5,878,000 after purchasing an additional 1,324,799 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Kaltura from a "buy" rating to a "hold" rating in a report on Sunday, November 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Kaltura in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $3.00.

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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