Eyal Manor Sells 21,638 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 21,638 shares of Kaltura stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1.53, for a total transaction of $33,106.14. Following the completion of the sale, the director owned 270,760 shares of the company’s stock, valued at approximately $414,262.80. The trade was a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Eyal Manor also recently made the following trade(s):

• On Wednesday, August 5th, Eyal Manor sold 138,143 shares of Kaltura stock. The stock was sold at an average price of $1.92, for a total transaction of $265,234.56.
• On Friday, June 26th, Eyal Manor sold 8,825 shares of Kaltura stock. The shares were sold at an average price of $1.29, for a total value of $11,384.25.
• On Thursday, June 25th, Eyal Manor sold 34,601 shares of Kaltura stock. The shares were sold at an average price of $1.30, for a total transaction of $44,981.30.

Kaltura Price Performance

Shares of NASDAQ:KLTR opened at $1.60 on Friday. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The stock’s 50 day moving average is $1.45 and its 200-day moving average is $1.39. The firm has a market capitalization of $244.08 million, a price-to-earnings ratio of -17.78 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last posted its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $46.89 million for the quarter, compared to analysts’ expectations of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%.

Wall Street Analyst Weigh In

KLTR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. 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. Finally, Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kaltura has an average rating of “Hold” and an average target price of $3.00.

Institutional Investors Weigh In On Kaltura

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd bought a new stake in Kaltura during the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets increased its holdings in shares of Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after purchasing an additional 7,184 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Kaltura by 276.9% in the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after purchasing an additional 15,052 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Kaltura during the fourth quarter valued at $38,000. Finally, NewEdge Advisors LLC purchased a new position in Kaltura in the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

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.