Kaltura (NASDAQ:KLTR) Insider Natan Israeli Sells 28,882 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 28,882 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $1.51, for a total value of $43,611.82. Following the completion of the sale, the insider owned 2,214,249 shares in the company, valued at approximately $3,343,515.99. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $1,661.00.

Kaltura Trading Up 2.7%

KLTR stock opened at $1.50 on Tuesday. Kaltura, Inc. has a 1-year low of $1.06 and a 1-year high of $2.28. The firm has a market cap of $225.57 million, a P/E ratio of -15.00 and a beta of 1.11. The business’s 50 day moving average is $1.29 and its 200-day moving average is $1.45.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Kaltura by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock worth $798,000 after buying an additional 14,300 shares in the last quarter. Teton Advisors LLC acquired a new position in Kaltura during the 1st quarter worth $122,000. Hsbc Holdings PLC lifted its holdings in Kaltura by 69.2% during the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company’s stock worth $85,000 after buying an additional 28,194 shares in the last quarter. Acuitas Investments LLC acquired a new position in Kaltura during the 1st quarter worth $37,000. Finally, Mackenzie Financial Corp acquired a new position in Kaltura during the 4th quarter worth $81,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KLTR shares. Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.00.

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.