Kaltura, Inc. (NASDAQ:KLTR – Get Free Report) insider Natan Israeli sold 13,965 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.52, for a total value of $21,226.80. Following the sale, the insider directly owned 2,167,959 shares in the company, valued at approximately $3,295,297.68. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Natan Israeli also recently made the following trade(s):
- On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total value of $20,108.08.
- On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $14,743.50.
- On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $4,399.50.
- On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $9,564.34.
- On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $43,611.82.
- On Monday, May 4th, Natan Israeli sold 5,130 shares of Kaltura stock. The shares were sold at an average price of $1.50, for a total value of $7,695.00.
- On Tuesday, April 28th, Natan Israeli sold 1,100 shares of Kaltura stock. The shares were sold at an average price of $1.51, for a total value of $1,661.00.
Kaltura Price Performance
Shares of NASDAQ KLTR traded down $0.02 during mid-day trading on Friday, hitting $1.49. 61,591 shares of the stock traded hands, compared to its average volume of 571,170. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month high of $2.28. The company has a market cap of $223.31 million, a PE ratio of -14.94 and a beta of 1.11. The firm has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.45.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. 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. 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 issued a Sell rating to the company. According to data from MarketBeat, Kaltura has an average rating of “Hold” and a consensus target price of $3.00.
Get Our Latest Research Report on KLTR
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in KLTR. SG Americas Securities LLC acquired a new position in shares of Kaltura in the 3rd quarter valued at about $25,000. 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 position in shares of Kaltura in the 2nd quarter valued at about $28,000. Citadel Advisors LLC acquired a new position in shares of Kaltura in the 3rd quarter valued at about $35,000. Finally, Acuitas Investments LLC acquired a new position in shares of Kaltura in the 1st quarter valued at about $37,000. 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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