Kaltura (NASDAQ:KLTR) Director Sells $265,234.56 in Stock

Key Points

• Kaltura Director Eyal Manor sold 138,143 shares for $265,234.56 at an average price of $1.92, reducing his direct stake by 32.09% to 292,398 shares.
• Kaltura reported quarterly revenue of $46.89 million and earnings of $0.01 per share, exceeding analyst expectations of $45.60 million in revenue and a $0.01-per-share loss.
• Shares recently traded at $1.75, while analyst sentiment remained mixed: one analyst rated the stock Buy and another Sell, producing a consensus Hold rating with a $3.00 price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) Director Eyal Manor sold 138,143 shares of Kaltura stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total value of $265,234.56. Following the transaction, the director directly owned 292,398 shares in the company, valued at approximately $561,404.16. This trade represents a 32.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eyal Manor also recently made the following trade(s):

• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The shares were sold at an average price of $1.29, for a total value of $11,384.25.
• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The stock was sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Stock Performance

Kaltura stock traded up $0.04 during midday trading on Friday, hitting $1.75. 464,742 shares of the company's stock were exchanged, compared to its average volume of 600,534. The stock has a market cap of $239.72 million, a price-to-earnings ratio of -19.50 and a beta of 1.15. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.05. The firm's 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.38.

Kaltura (NASDAQ:KLTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.01 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 40.54%. The business had revenue of $46.89 million during the quarter, compared to analysts' expectations of $45.60 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KLTR shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $3.00.

Hedge Funds Weigh In On Kaltura

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Kaltura during the 2nd quarter worth $28,000. Citadel Advisors LLC acquired a new position in shares of Kaltura during the 3rd quarter worth $35,000. Acuitas Investments LLC purchased a new position in shares of Kaltura in the 1st quarter valued at about $37,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Kaltura in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 30.79% of the company's stock.

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.

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