Kaltura (NASDAQ:KLTR) Trading Down 1.3% – Here’s What Happened

Kaltura, Inc. (NASDAQ:KLTR) fell 1.3% during mid-day trading on Monday . The stock traded as low as $1.55 and last traded at $1.57. 154,282 shares changed hands during trading, a decline of 37% from the average session volume of 244,512 shares. The stock had previously closed at $1.59.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KLTR. Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.00.

Kaltura Trading Down 1.3%

The stock’s 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $1.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $245.44 million, a P/E ratio of -13.08 and a beta of 1.04.

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

Insider Buying and Selling at Kaltura

In related news, Director Eyal Manor sold 27,956 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $1.82, for a total transaction of $50,879.92. Following the completion of the sale, the director owned 340,634 shares in the company, valued at approximately $619,953.88. This trade represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Kaltura by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after buying an additional 79,633 shares in the last quarter. Gagnon Securities LLC grew its stake in Kaltura by 32.6% during the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock valued at $4,156,000 after acquiring an additional 709,598 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Kaltura by 47.0% in the 2nd quarter. Acadian Asset Management LLC now owns 2,181,164 shares of the company’s stock valued at $4,377,000 after acquiring an additional 697,628 shares during the last quarter. Gagnon Advisors LLC lifted its stake in Kaltura by 1.9% in the 3rd quarter. Gagnon Advisors LLC now owns 1,413,010 shares of the company’s stock worth $2,035,000 after purchasing an additional 26,966 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its holdings 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 acquiring an additional 575,000 shares during the last quarter. 30.79% of the stock is owned by hedge funds and other 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.