Gagnon Advisors LLC Purchases 1,074,024 Shares of Kaltura, Inc. $KLTR

Gagnon Advisors LLC raised its position in Kaltura, Inc. (NASDAQ:KLTR) by 76.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,487,034 shares of the company’s stock after purchasing an additional 1,074,024 shares during the period. Kaltura makes up approximately 1.7% of Gagnon Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Gagnon Advisors LLC’s holdings in Kaltura were worth $3,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gagnon Securities LLC grew its stake in shares of Kaltura by 40.6% during the third quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company’s stock valued at $5,878,000 after acquiring an additional 1,324,799 shares in the last quarter. State of Wyoming lifted its stake in shares of Kaltura by 12.3% in the third quarter. State of Wyoming now owns 93,856 shares of the company’s stock worth $120,000 after acquiring an additional 10,302 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Kaltura in the second quarter worth about $204,000. Bank of America Corp DE acquired a new position in shares of Kaltura in the second quarter worth about $197,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Kaltura in the second quarter worth about $46,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Eyal Manor sold 20,795 shares of Kaltura stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1.58, for a total value of $32,856.10. Following the completion of the transaction, the director directly owned 249,965 shares in the company, valued at approximately $394,944.70. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 152,184 shares of company stock valued at $226,477. Corporate insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KLTR shares. Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a report on Sunday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.00.

Kaltura Price Performance

KLTR opened at $1.39 on Friday. The stock has a market capitalization of $214.17 million, a PE ratio of -17.38 and a beta of 1.24. The firm’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.40. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.05.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $47.27 million for the quarter, compared to the consensus estimate of $46.10 million. Kaltura had a negative net margin of 6.18% and a negative return on equity of 67.69%.

Kaltura Profile

Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company’s offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura’s technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.