Naama Halevi-Davidov Sells 7,794 Shares of Kaltura, Inc. (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) Director Naama Halevi-Davidov sold 7,794 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $1.80, for a total value of $14,029.20. Following the sale, the director now directly owns 358,167 shares of the company’s stock, valued at $644,700.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Naama Halevi-Davidov also recently made the following trade(s):

• On Monday, November 13th, Naama Halevi-Davidov sold 2,591 shares of Kaltura stock. The shares were sold at an average price of $1.75, for a total value of $4,534.25.

Kaltura Stock Up 1.4 %

KLTR traded up $0.03 during trading hours on Monday, hitting $1.82. The stock had a trading volume of 37,710 shares, compared to its average volume of 233,091. The company’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.89. Kaltura, Inc. has a 1 year low of $1.53 and a 1 year high of $2.27. The stock has a market cap of $256.65 million, a PE ratio of -4.97 and a beta of 0.79.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Kaltura had a negative return on equity of 125.81% and a negative net margin of 28.08%. The company had revenue of $43.54 million during the quarter, compared to analyst estimates of $43.14 million. As a group, equities analysts expect that Kaltura, Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KLTR. BlackRock Inc. increased its position in shares of Kaltura by 322.1% during the second quarter. BlackRock Inc. now owns 4,702,751 shares of the company’s stock valued at $9,970,000 after buying an additional 3,588,666 shares during the period. Edenbrook Capital LLC bought a new stake in shares of Kaltura during the first quarter valued at about $4,821,000. Vanguard Group Inc. increased its position in shares of Kaltura by 561.3% during the first quarter. Vanguard Group Inc. now owns 2,389,550 shares of the company’s stock valued at $4,277,000 after buying an additional 2,028,213 shares during the period. Gagnon Securities LLC bought a new stake in shares of Kaltura during the second quarter valued at about $3,455,000. Finally, Gagnon Advisors LLC bought a new stake in shares of Kaltura during the second quarter valued at about $2,183,000. Hedge funds and other institutional investors own 36.10% of the company’s stock.

Analysts Set New Price Targets

KLTR has been the subject of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $4.00 target price on shares of Kaltura in a research report on Monday, September 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Kaltura in a research report on Thursday, September 14th.

About Kaltura

Kaltura, Inc provides various Software-as-a-Service products and solutions and a Platform-as-a-Service in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T) and Media and Telecom (M&T).