Insider Selling: Kaltura (NASDAQ:KLTR) Insider Sells $484,932.14 in Stock

Key Points

• Kaltura insider Natan Israeli sold 259,322 shares on August 5 at an average price of $1.87, for total proceeds of $484,932.14. The sale reduced his position by 12.53%, leaving him with 1.81 million shares.
• Kaltura shares rose 2% to $1.75, while the company reported quarterly revenue of $46.89 million and EPS of $0.01, exceeding analyst expectations. Despite the earnings beat, the company posted a negative net margin of 6.92%.
• Analyst sentiment remains mixed, with one Buy and one Sell rating; MarketBeat classifies the stock as a Hold with an average price target of $3.00. Institutional investors and hedge funds own 30.79% of Kaltura.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Natan Israeli sold 259,322 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the transaction, the insider owned 1,809,537 shares of the company's stock, valued at $3,383,834.19. The trade was a 12.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Natan Israeli also recently made the following trade(s):

• On Monday, July 27th, Natan Israeli sold 100 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $150.00.
• On Tuesday, June 16th, Natan Israeli sold 4,013 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $6,019.50.
• On Monday, June 15th, Natan Israeli sold 4,594 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total transaction of $6,891.00.
• On Tuesday, June 2nd, Natan Israeli sold 16,631 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $25,279.12.
• On Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
• On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The shares were sold at an average price of $1.57, for a total value of $35,916.89.
• On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $20,108.08.
• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total value of $21,226.80.

Kaltura Stock Up 2.0%

Shares of Kaltura stock traded up $0.04 on Friday, hitting $1.75. The company's stock had a trading volume of 464,742 shares, compared to its average volume of 600,534. The company has a market capitalization of $239.72 million, a P/E ratio of -19.28 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 firm has a fifty day moving average price of $1.39 and a 200-day moving average price of $1.38.

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, topping 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 40.54%. The company had revenue of $46.89 million during the quarter, compared to analysts' expectations of $45.60 million.

Hedge Funds Weigh In On Kaltura

A number of hedge funds have recently made changes to their positions in KLTR. BNP Paribas Financial Markets grew its position in Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock valued at $25,000 after acquiring an additional 7,184 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Kaltura by 10.7% in the first quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock valued at $151,000 after purchasing an additional 7,760 shares during the period. Invesco Ltd. boosted its stake in shares of Kaltura by 21.4% in the second quarter. Invesco Ltd. now owns 46,288 shares of the company's stock valued at $93,000 after purchasing an additional 8,157 shares during the period. Hsbc Holdings PLC grew its holdings in Kaltura by 27.9% during the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company's stock valued at $67,000 after purchasing an additional 8,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Kaltura by 66.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company's stock worth $47,000 after buying an additional 11,398 shares during the period. Institutional investors and hedge funds own 30.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KLTR. Weiss Ratings restated a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. One research 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, the stock has an average rating of "Hold" and an average target price of $3.00.

Kaltura Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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