Kaltura (NASDAQ:KLTR) Insider Natan Israeli Sells 13,229 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 13,229 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $1.52, for a total transaction of $20,108.08. Following the completion of the sale, the insider owned 2,181,924 shares in the company, valued at approximately $3,316,524.48. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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, 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.
• On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $7,695.00.
• On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $1,661.00.

Kaltura Price Performance

NASDAQ:KLTR opened at $1.45 on Friday. The firm’s 50 day simple moving average is $1.29 and its 200 day simple moving average is $1.45. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.28. The company has a market cap of $218.05 million, a PE ratio of -14.50 and a beta of 1.11.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Kaltura

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Kaltura by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after buying an additional 79,633 shares during the period. Gagnon Securities LLC increased its stake in shares of Kaltura by 32.6% in the 3rd quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock valued at $4,156,000 after acquiring an additional 709,598 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kaltura by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock valued at $3,352,000 after acquiring an additional 122,548 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Kaltura by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock valued at $2,796,000 after acquiring an additional 83,792 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Kaltura by 9.2% in the 4th quarter. State Street Corp now owns 1,598,453 shares of the company’s stock valued at $2,621,000 after acquiring an additional 135,092 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.