Kaltura (NASDAQ:KLTR) Insider Eynav Azaria Sells 7,816 Shares

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,816 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $1.51, for a total value of $11,802.16. Following the completion of the transaction, the insider directly owned 2,060,383 shares of the company’s stock, valued at approximately $3,111,178.33. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 1st, Eynav Azaria sold 4,328 shares of Kaltura stock. The shares were sold at an average price of $1.54, for a total value of $6,665.12.
• On Wednesday, August 5th, Eynav Azaria sold 83,995 shares of Kaltura stock. The shares were sold at an average price of $2.01, for a total value of $168,829.95.
• On Wednesday, July 22nd, Eynav Azaria sold 6,301 shares of Kaltura stock. The stock was sold at an average price of $1.42, for a total value of $8,947.42.
• On Tuesday, July 21st, Eynav Azaria sold 3,480 shares of Kaltura stock. The stock was sold at an average price of $1.41, for a total transaction of $4,906.80.
• On Monday, July 20th, Eynav Azaria sold 2,777 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction of $3,887.80.
• On Thursday, June 18th, Eynav Azaria sold 10,217 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total transaction of $14,303.80.
• On Wednesday, June 17th, Eynav Azaria sold 4,448 shares of Kaltura stock. The shares were sold at an average price of $1.43, for a total transaction of $6,360.64.
• On Tuesday, June 16th, Eynav Azaria sold 12,073 shares of Kaltura stock. The stock was sold at an average price of $1.48, for a total transaction of $17,868.04.
• On Monday, June 15th, Eynav Azaria sold 19,456 shares of Kaltura stock. The shares were sold at an average price of $1.48, for a total transaction of $28,794.88.
• On Friday, June 12th, Eynav Azaria sold 13,242 shares of Kaltura stock. The shares were sold at an average price of $1.41, for a total transaction of $18,671.22.

Kaltura Stock Performance

Shares of Kaltura stock opened at $1.53 on Friday. The firm has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $1.39. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.05. The company has a market cap of $233.40 million, a P/E ratio of -17.00 and a beta of 1.18.

Kaltura (NASDAQ:KLTR) last posted its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 51.05% and a negative net margin of 6.92%.

Wall Street Analysts Forecast Growth

KLTR has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Kaltura from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.00.

Hedge Funds Weigh In On Kaltura

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in Kaltura during the 2nd quarter worth $197,000. Hsbc Holdings PLC acquired a new stake in shares of Kaltura in the second quarter valued at about $46,000. S Squared Technology LLC purchased a new position in shares of Kaltura in the second quarter worth about $2,525,645. Globeflex Capital L P purchased a new position in shares of Kaltura in the second quarter worth about $676,000. Finally, Ieq Capital LLC acquired a new position in Kaltura during the second quarter worth about $126,000. 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.