Kaltura (NASDAQ:KLTR) Insider Natan Israeli Sells 259,322 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 259,322 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the transaction, the insider directly owned 1,809,537 shares in the company, valued at approximately $3,383,834.19. This represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, July 27th, Natan Israeli sold 100 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total value of $150.00.
• On Tuesday, June 16th, Natan Israeli sold 4,013 shares of Kaltura stock. The shares were 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 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 shares were 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.

Kaltura Trading Up 1.7%

NASDAQ KLTR opened at $1.75 on Friday. The company has a market cap of $266.96 million, a price-to-earnings ratio of -19.44 and a beta of 1.15. The company has a 50 day moving average of $1.39 and a 200-day moving average of $1.38. Kaltura, Inc. has a 1-year low of $1.05 and a 1-year high of $2.05.

Kaltura (NASDAQ:KLTR) last issued its quarterly 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 return on equity of 40.54% and a negative net margin of 6.92%.The business had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million.

Hedge Funds Weigh In On Kaltura

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after buying an additional 7,184 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Kaltura in the second quarter valued at about $28,000. Citadel Advisors LLC acquired a new position in Kaltura during the third quarter worth about $35,000. Acuitas Investments LLC bought a new position in shares of Kaltura in the first quarter worth about $37,000. Finally, EntryPoint Capital LLC bought a new position in shares of Kaltura in the fourth quarter worth about $38,000. Institutional investors own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KLTR. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Kaltura has a consensus 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.