Wall Street Zen Upgrades Kaltura (NASDAQ:KLTR) to “Buy”

Kaltura (NASDAQ:KLTR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

KLTR has been the subject of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kaltura in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Kaltura Stock Performance

KLTR opened at $1.68 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.43. The firm has a 50 day moving average of $1.58 and a two-hundred day moving average of $1.69. Kaltura has a 12-month low of $1.36 and a 12-month high of $2.82. The firm has a market capitalization of $262.63 million, a PE ratio of -14.00 and a beta of 1.05.

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

Insider Transactions at Kaltura

In other Kaltura news, Director Eyal Manor sold 27,956 shares of the stock in a transaction dated 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 owned 340,634 shares of the company’s stock, valued at $619,953.88. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John N. Doherty sold 18,580 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $1.52, for a total transaction of $28,241.60. Following the transaction, the chief financial officer directly owned 1,423,180 shares of the company’s stock, valued at $2,163,233.60. The trade was a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,936 shares of company stock worth $79,842 in the last ninety days. 13.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kaltura

Several institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its position in shares of Kaltura by 170.6% during the first quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company’s stock worth $2,780,000 after buying an additional 935,255 shares in the last quarter. S Squared Technology LLC purchased a new position in Kaltura during the 1st quarter worth $1,679,000. Gagnon Securities LLC grew its holdings in shares of Kaltura by 32.6% during the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after buying an additional 709,598 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Kaltura by 69.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock valued at $2,019,000 after purchasing an additional 575,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Kaltura by 63.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock valued at $1,843,000 after buying an additional 355,358 shares during the period. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.