Kaltura, Inc. (NASDAQ:KLTR – Get Free Report) insider Eynav Azaria sold 16,218 shares of Kaltura stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $1.44, for a total transaction of $23,353.92. Following the completion of the transaction, the insider owned 2,259,073 shares in the company, valued at approximately $3,253,065.12. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eynav Azaria also recently made the following trade(s):
- 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 shares were 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 shares were sold at an average price of $1.46, for a total value of $1,268.74.
- On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The shares were sold at an average price of $1.47, for a total value 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 value 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 value 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 Trading Up 1.8%
Shares of KLTR traded up $0.03 during trading hours on Monday, reaching $1.42. The company had a trading volume of 213,317 shares, compared to its average volume of 554,864. Kaltura, Inc. has a 12-month low of $1.06 and a 12-month high of $2.25. The firm has a 50 day simple moving average of $1.34 and a 200-day simple moving average of $1.44. The company has a market capitalization of $212.79 million, a price-to-earnings ratio of -14.15 and a beta of 1.14.
Analysts Set New Price Targets
Several research firms have issued reports on KLTR. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kaltura presently has an average rating of “Hold” and an average price target of $3.00.
Check Out Our Latest Analysis on Kaltura
Institutional Trading of Kaltura
Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC increased its stake in Kaltura by 69.6% during the first quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after acquiring an additional 25,352 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Kaltura by 99.7% during the 1st quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock valued at $94,000 after buying an additional 25,083 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Kaltura in the 1st quarter worth approximately $128,000. Jane Street Group LLC acquired a new stake in Kaltura in the first quarter valued at approximately $90,000. Finally, Rhumbline Advisers lifted its position in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after purchasing an additional 7,760 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.
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.
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