Needham & Company LLC Reaffirms Buy Rating for Kaltura (NASDAQ:KLTR)

Kaltura (NASDAQ:KLTR)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a report released on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock. Needham & Company LLC’s price objective points to a potential upside of 106.90% from the stock’s current price.

Separately, Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kaltura presently has an average rating of “Hold” and an average target price of $3.00.

Kaltura Stock Up 6.6%

Shares of NASDAQ:KLTR opened at $1.45 on Wednesday. Kaltura has a 52-week low of $1.06 and a 52-week high of $2.33. The stock has a market cap of $218.05 million, a price-to-earnings ratio of -14.50 and a beta of 1.11. The business has a 50-day moving average price of $1.29 and a 200-day moving average price of $1.45.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Kaltura had a negative return on equity of 29.99% and a negative net margin of 8.25%.The firm had revenue of $44.63 million during the quarter, compared to analysts’ expectations of $43.00 million.

Insider Transactions at Kaltura

In related news, CEO Ron Yekutiel bought 44,100 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of $1.12 per share, with a total value of $49,392.00. Following the completion of the acquisition, the chief executive officer directly owned 14,971,723 shares in the company, valued at approximately $16,768,329.76. The trade was a 0.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naama Halevi-Davidov sold 131,873 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $1.21, for a total value of $159,566.33. Following 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 223,125 shares of company stock valued at $266,523 and have sold 326,075 shares valued at $411,713. 13.50% of the stock is currently owned by insiders.

Institutional Trading of Kaltura

Several hedge funds and other institutional investors have recently bought and sold shares of KLTR. SG Americas Securities LLC acquired a new stake in Kaltura during the third quarter worth about $25,000. BNP Paribas Financial Markets grew its holdings in Kaltura by 70.3% during the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after acquiring an additional 7,184 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Kaltura during the second quarter worth about $28,000. Citadel Advisors LLC acquired a new stake in Kaltura during the third quarter worth about $35,000. Finally, Acuitas Investments LLC acquired a new stake in Kaltura during the first quarter worth 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.