Kaltura, Inc. (NASDAQ:KLTR – Get Free Report) Director Eyal Manor sold 34,601 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 439,366 shares of the company’s stock, valued at $571,175.80. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.
Eyal Manor also recently made the following trade(s):
- 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.
Kaltura Stock Performance
KLTR stock opened at $1.30 on Thursday. The stock has a fifty day moving average of $1.41 and a 200-day moving average of $1.42. Kaltura, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.06. The company has a market capitalization of $177.57 million, a price-to-earnings ratio of -13.00 and a beta of 1.16.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.00.
View Our Latest Stock Analysis on Kaltura
Institutional Investors Weigh In On Kaltura
Several hedge funds have recently bought and sold shares of KLTR. Cubist Systematic Strategies LLC increased its holdings in shares of Kaltura by 69.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after buying an additional 25,352 shares during the last quarter. AQR Capital Management LLC lifted its position in Kaltura by 99.7% in the 1st quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock worth $94,000 after buying an additional 25,083 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Kaltura during the first quarter valued at approximately $128,000. Jane Street Group LLC bought a new position in Kaltura during the first quarter valued at approximately $90,000. Finally, Rhumbline Advisers raised its stake 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 acquiring an additional 7,760 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.
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.
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