Kaltura (NASDAQ:KLTR) Insider Natan Israeli Sells 16,631 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 16,631 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1.52, for a total value of $25,279.12. Following the completion of the sale, the insider directly owned 2,077,766 shares of the company’s stock, valued at approximately $3,158,204.32. The trade was a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 shares were 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 shares were 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 stock was 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.
• 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 value of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $43,611.82.

Kaltura Stock Up 2.1%

KLTR stock opened at $1.45 on Friday. The company has a market cap of $218.05 million, a PE ratio of -14.50 and a beta of 1.14. The business has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.44. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.26.

Kaltura (NASDAQ:KLTR) last released its earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.The firm had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KLTR. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.00.

Institutional Trading of Kaltura

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Kaltura by 70.3% during the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after purchasing an additional 7,184 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Kaltura in the second quarter worth approximately $28,000. Citadel Advisors LLC acquired a new position in shares of Kaltura in the third quarter worth approximately $35,000. Acuitas Investments LLC acquired a new position in shares of Kaltura in the first quarter worth approximately $37,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Kaltura in the fourth quarter worth approximately $38,000. 30.79% of the stock is currently owned by institutional investors.

About Kaltura

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.