Kaltura (NASDAQ:KLTR) Trading Down 3.6% – What’s Next?

Kaltura, Inc. (NASDAQ:KLTR) fell 3.6% on Tuesday . The stock traded as low as $1.5950 and last traded at $1.62. 346,326 shares traded hands during trading, a decline of 3% from the average session volume of 358,206 shares. The stock had previously closed at $1.68.

Analyst Ratings Changes

KLTR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a research report on Monday. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research note on Tuesday, November 25th. Finally, Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kaltura presently has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Trading Down 3.6%

The firm has a market capitalization of $253.25 million, a price-to-earnings ratio of -13.50 and a beta of 1.05. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day moving average price of $1.57 and a 200-day moving average price of $1.70.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Monday, November 10th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $43.87 million for the quarter, compared to analyst estimates of $43.27 million. Kaltura had a negative return on equity of 54.84% and a negative net margin of 10.01%.

Insider Activity at Kaltura

In other news, CFO John N. Doherty sold 18,580 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $1.52, for a total transaction of $28,241.60. Following the completion of the sale, the chief financial officer owned 1,423,180 shares in the company, valued at approximately $2,163,233.60. The trade was a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eyal Manor sold 27,956 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $1.82, for a total transaction of $50,879.92. Following the completion of the transaction, the director directly owned 340,634 shares in the company, valued at $619,953.88. This trade represents a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,936 shares of company stock valued at $79,842 in the last 90 days. Insiders own 13.50% of the company’s stock.

Institutional Trading of Kaltura

A number of hedge funds and other institutional investors have recently made changes to their positions in KLTR. S Squared Technology LLC acquired a new stake in shares of Kaltura in the first quarter valued at approximately $1,679,000. Acadian Asset Management LLC increased its holdings in shares of Kaltura by 170.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company’s stock valued at $2,780,000 after acquiring an additional 935,255 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in Kaltura in the 2nd quarter valued at $388,000. Walleye Capital LLC boosted its stake in Kaltura by 154.9% during the 1st quarter. Walleye Capital LLC now owns 497,342 shares of the company’s stock worth $935,000 after purchasing an additional 302,243 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Kaltura during the 2nd quarter worth $84,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) 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).