Kaltura (NASDAQ:KLTR) Insider Sells $25,279.12 in Stock

Key Points

• Insider Natan Israeli sold 16,631 Kaltura shares on June 2 at an average price of $1.52, totaling $25,279.12. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Israeli still owned more than 2.07 million shares afterward.
• Israeli has been a frequent recent seller, with multiple transactions in late May and early June, including a June 1 sale of 22,877 shares and a June 3 sale of 200 shares. The latest trade reduced the insider’s position by 0.79%.
• Kaltura’s shares rose slightly to $1.45 in Thursday trading, while the company reported a small quarterly profit of $0.01 per share and revenue of $44.63 million, topping estimates. Analysts currently have a Hold consensus with an average price target of $3.00.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) insider Natan Israeli sold 16,631 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1.52, for a total transaction of $25,279.12. Following the completion of the sale, the insider directly owned 2,077,766 shares in the company, valued at approximately $3,158,204.32. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $300.00.
• On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The stock was sold at an average price of $1.57, for a total transaction 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 transaction of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total transaction 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 transaction of $21,226.80.
• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $43,611.82.

Kaltura Stock Performance

Kaltura stock traded up $0.03 during midday trading on Thursday, reaching $1.45. 323,062 shares of the stock were exchanged, compared to its average volume of 559,828. The company's fifty day moving average is $1.33 and its 200-day moving average is $1.44. The firm has a market cap of $217.30 million, a PE ratio of -14.45 and a beta of 1.14. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.26.

Kaltura (NASDAQ:KLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $44.63 million for the quarter, compared to analyst estimates of $43.00 million. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KLTR. Wall Street Zen cut shares of Kaltura from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. One 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 target price of $3.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KLTR. Tocqueville Asset Management L.P. raised its holdings in Kaltura by 69.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company's stock worth $2,019,000 after purchasing an additional 575,000 shares in the last quarter. S Squared Technology LLC raised its holdings in Kaltura by 39.6% in the 4th quarter. S Squared Technology LLC now owns 1,316,323 shares of the company's stock worth $2,159,000 after purchasing an additional 373,149 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Kaltura by 63.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company's stock worth $1,843,000 after purchasing an additional 355,358 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Kaltura in the 4th quarter worth $364,000. Finally, Los Angeles Capital Management LLC raised its holdings in Kaltura by 355.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 191,285 shares of the company's stock worth $293,000 after purchasing an additional 149,310 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

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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