Kaltura, Inc. (NASDAQ:KLTR) CFO Sells $89,463.14 in Stock

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) CFO John N. Doherty sold 40,118 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $2.23, for a total value of $89,463.14. Following the completion of the sale, the chief financial officer now owns 1,494,702 shares in the company, valued at $3,333,185.46. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kaltura Price Performance

NASDAQ:KLTR traded up $0.02 during trading hours on Friday, reaching $2.23. The company had a trading volume of 253,910 shares, compared to its average volume of 323,131. The stock has a 50-day moving average of $2.08 and a two-hundred day moving average of $2.18. Kaltura, Inc. has a one year low of $0.81 and a one year high of $2.82. The firm has a market capitalization of $342.57 million, a PE ratio of -10.62 and a beta of 1.12. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $3.00 price target on shares of Kaltura in a research report on Friday, March 14th.

Institutional Trading of Kaltura

Large investors have recently made changes to their positions in the business. Sei Investments Co. bought a new stake in shares of Kaltura during the fourth quarter worth $25,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kaltura during the first quarter worth $26,000. Ameriprise Financial Inc. bought a new stake in shares of Kaltura during the fourth quarter worth $28,000. EntryPoint Capital LLC bought a new stake in shares of Kaltura during the first quarter worth $59,000. Finally, ProShare Advisors LLC grew its holdings in shares of Kaltura by 51.2% during the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock worth $60,000 after purchasing an additional 9,291 shares during the last quarter. Institutional investors own 30.79% of the company's stock.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).