Kaltura (NASDAQ:KLTR) Trading Up 4.6% – What’s Next?

Kaltura, Inc. (NASDAQ:KLTR) was up 4.6% during mid-day trading on Wednesday . The stock traded as high as $1.15 and last traded at $1.14. Approximately 514,658 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 576,246 shares. The stock had previously closed at $1.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KLTR shares. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Tuesday, March 17th. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Kaltura Stock Performance

The business’s 50 day moving average is $1.29 and its 200 day moving average is $1.47. The stock has a market cap of $174.03 million, a price-to-earnings ratio of -14.63 and a beta of 1.08.

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

Insider Transactions at Kaltura

In related news, Director Naama Halevi-Davidov sold 131,873 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $1.21, for a total transaction of $159,566.33. Following the completion of the sale, the director directly owned 236,809 shares in the company, valued at approximately $286,538.89. This trade represents a 35.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ron Yekutiel purchased 44,100 shares of Kaltura stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of $1.12 per share, with a total value of $49,392.00. Following the completion of the acquisition, the chief executive officer owned 14,971,723 shares in the company, valued at $16,768,329.76. The trade was a 0.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 223,125 shares of company stock valued at $266,523 and have sold 255,544 shares valued at $308,572. 13.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kaltura

Several institutional investors have recently bought and sold shares of KLTR. Cubist Systematic Strategies LLC boosted its position 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 purchasing an additional 25,352 shares during the period. AQR Capital Management LLC lifted its stake in shares of Kaltura by 99.7% in the first 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 acquired a new stake in shares of Kaltura in the first quarter worth $128,000. Jane Street Group LLC bought a new stake in shares of Kaltura during the 1st quarter worth $90,000. Finally, Rhumbline Advisers boosted its holdings in shares of Kaltura by 10.7% during the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after buying an additional 7,760 shares during the period. 30.79% of the stock is currently owned by institutional investors.

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.