Gagnon Securities LLC Raises Stock Holdings in Kaltura, Inc. $KLTR

Gagnon Securities LLC raised its stake in shares of Kaltura, Inc. (NASDAQ:KLTR) by 32.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,885,976 shares of the company’s stock after acquiring an additional 709,598 shares during the period. Gagnon Securities LLC owned approximately 1.87% of Kaltura worth $4,156,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Integrated Quantitative Investments LLC bought a new position in Kaltura during the second quarter valued at approximately $388,000. Acadian Asset Management LLC raised its stake in Kaltura by 47.0% during the 2nd quarter. Acadian Asset Management LLC now owns 2,181,164 shares of the company’s stock valued at $4,377,000 after buying an additional 697,628 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Kaltura during the 2nd quarter valued at $84,000. R Squared Ltd bought a new position in shares of Kaltura during the 2nd quarter valued at $63,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Kaltura in the 2nd quarter worth $38,000. 30.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kaltura

In other news, 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 value of $50,879.92. Following the completion of the sale, the director directly owned 340,634 shares of the company’s stock, valued at $619,953.88. This represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.50% of the stock is currently owned by insiders.

Kaltura Stock Performance

Shares of KLTR opened at $1.57 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.43. The business has a 50-day simple moving average of $1.58 and a two-hundred day simple moving average of $1.60. The stock has a market cap of $245.44 million, a price-to-earnings ratio of -13.08 and a beta of 1.04. Kaltura, Inc. has a 52 week low of $1.36 and a 52 week high of $2.82.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Tuesday, November 25th. Finally, Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.00.

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.