Kaltura (NASDAQ:KLTR) Director Eyal Manor Sells 34,601 Shares

Kaltura, Inc. (NASDAQ:KLTR) Director Eyal Manor sold 34,601 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $1.30, for a total value of $44,981.30. Following the completion of the transaction, the director directly owned 439,366 shares of the company’s stock, valued at approximately $571,175.80. The trade was a 7.30% decrease in their position. The sale was disclosed in a 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.

Kaltura Trading Down 2.3%

Shares of KLTR stock opened at $1.26 on Tuesday. The business’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.42. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.06. The firm has a market capitalization of $189.47 million, a price-to-earnings ratio of -12.60 and a beta of 1.14.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.

Institutional Trading of Kaltura

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake 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 valued at $25,000 after purchasing an additional 7,184 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Kaltura during the second quarter worth approximately $28,000. Citadel Advisors LLC acquired a new stake in Kaltura during the third quarter worth approximately $35,000. Acuitas Investments LLC bought a new stake in Kaltura in the first quarter worth approximately $37,000. Finally, EntryPoint Capital LLC bought a new stake in Kaltura in the fourth quarter worth approximately $38,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KLTR shares. 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 issued a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kaltura presently has a consensus 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.