Kaltura (NASDAQ:KLTR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Kaltura (NASDAQ:KLTR) from a buy rating to a hold rating in a research note published on Saturday.

KLTR has been the topic of a number of other reports. Needham & Company LLC reissued a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Trading Up 11.5%

Shares of KLTR opened at $1.22 on Friday. The firm has a market cap of $180.72 million, a price-to-earnings ratio of -15.19 and a beta of 1.06. The stock has a 50 day moving average of $1.44 and a 200-day moving average of $1.53. Kaltura has a 52 week low of $1.06 and a 52 week high of $2.33.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.The business had revenue of $45.54 million for the quarter, compared to analyst estimates of $45.35 million.

Insider Buying and Selling

In other Kaltura news, CEO Ron Yekutiel acquired 44,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of $1.12 per share, with a total value of $49,392.00. Following the acquisition, the chief executive officer directly owned 14,971,723 shares of the company’s stock, valued at $16,768,329.76. This represents a 0.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naama Halevi-Davidov sold 93,624 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $1.20, for a total value of $112,348.80. Following the completion of the sale, the director owned 368,682 shares in the company, valued at approximately $442,418.40. This represents a 20.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Kaltura by 1.6% during the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after purchasing an additional 79,633 shares in the last quarter. Gagnon Securities LLC lifted its holdings in Kaltura by 32.6% in the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after purchasing an additional 709,598 shares during the period. Geode Capital Management LLC grew its position in Kaltura by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock valued at $3,352,000 after buying an additional 122,548 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Kaltura by 5.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock valued at $2,796,000 after buying an additional 83,792 shares during the period. Finally, State Street Corp increased its stake in Kaltura by 9.2% during the 4th quarter. State Street Corp now owns 1,598,453 shares of the company’s stock valued at $2,621,000 after buying an additional 135,092 shares during the period. Institutional investors own 30.79% of the company’s stock.

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.