Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 32,003 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 32,003 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1.46, for a total transaction of $46,724.38. Following the completion of the sale, the insider directly owned 2,352,181 shares in the company, valued at approximately $3,434,184.26. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kaltura Stock Down 3.5%

KLTR stock opened at $1.37 on Friday. Kaltura, Inc. has a fifty-two week low of $1.06 and a fifty-two week high of $2.33. The firm’s 50-day simple moving average is $1.27 and its 200 day simple moving average is $1.46. The stock has a market cap of $203.77 million, a PE ratio of -17.13 and a beta of 1.08.

Kaltura (NASDAQ:KLTR) last released its earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter. The firm had revenue of $45.54 million for the quarter, compared to analysts’ expectations of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Analyst Ratings Changes

Several 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 Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.00.

Institutional Trading of Kaltura

Several institutional investors have recently made changes to their positions in KLTR. Gagnon Securities LLC boosted its holdings in shares of Kaltura by 32.6% during the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after purchasing an additional 709,598 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Kaltura by 69.5% during the third 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 during the period. S Squared Technology LLC boosted its holdings in shares of Kaltura by 39.6% during the fourth 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 during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kaltura by 63.3% during the second 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 during the period. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Kaltura during the fourth quarter worth approximately $364,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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.