Eynav Azaria Sells 8,254 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 8,254 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1.41, for a total transaction of $11,638.14. Following the sale, the insider owned 2,248,054 shares of the company’s stock, valued at $3,169,756.14. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eynav Azaria also recently made the following trade(s):

• On Thursday, June 4th, Eynav Azaria sold 16,218 shares of Kaltura stock. The stock was sold at an average price of $1.44, for a total transaction of $23,353.92.
• On Friday, June 5th, Eynav Azaria sold 2,765 shares of Kaltura stock. The stock was sold at an average price of $1.43, for a total transaction of $3,953.95.
• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The stock was sold at an average price of $1.49, for a total transaction of $648.15.
• On Tuesday, June 2nd, Eynav Azaria sold 7,412 shares of Kaltura stock. The stock was sold at an average price of $1.53, for a total transaction of $11,340.36.
• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total transaction of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The stock was sold at an average price of $1.47, for a total transaction of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The stock was sold at an average price of $1.40, for a total transaction of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The stock was sold at an average price of $1.45, for a total transaction of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total transaction of $46,724.38.

Kaltura Stock Performance

Shares of KLTR opened at $1.42 on Friday. Kaltura, Inc. has a 12 month low of $1.06 and a 12 month high of $2.14. The firm’s 50 day moving average is $1.35 and its 200-day moving average is $1.44. The stock has a market capitalization of $213.54 million, a PE ratio of -14.20 and a beta of 1.14.

Kaltura (NASDAQ:KLTR) last announced 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 company had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in Kaltura in the second quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its position in Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after buying an additional 7,184 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Kaltura by 276.9% in the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock valued at $41,000 after buying an additional 15,052 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Kaltura in the fourth quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC acquired a new stake in Kaltura in the second quarter valued at approximately $48,000. 30.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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