Kaltura (NASDAQ:KLTR) Lowered to “Hold” Rating by Wall Street Zen

Kaltura (NASDAQ:KLTR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.00.

Kaltura Stock Performance

NASDAQ:KLTR opened at $1.22 on Friday. The firm has a market capitalization of $180.72 million, a price-to-earnings ratio of -15.19 and a beta of 1.06. The stock has a fifty day moving average of $1.44 and a 200 day moving average of $1.53. Kaltura has a 52-week low of $1.06 and a 52-week high of $2.33.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.03 EPS for the quarter. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.The company had revenue of $45.54 million during the quarter, compared to analyst estimates of $45.35 million.

Insider Buying and Selling at Kaltura

In related news, CEO Ron Yekutiel purchased 44,100 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $1.12 per share, for a total transaction of $49,392.00. Following the completion of the acquisition, the chief executive officer directly owned 14,971,723 shares in the company, valued at approximately $16,768,329.76. The trade was a 0.30% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Naama Halevi-Davidov sold 93,624 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $1.20, for a total transaction of $112,348.80. Following the transaction, the director directly owned 368,682 shares in the company, valued at approximately $442,418.40. The trade was a 20.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.50% of the company’s stock.

Hedge Funds Weigh In On Kaltura

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gagnon Securities LLC raised its stake in Kaltura by 32.6% in 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 in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in Kaltura by 69.5% in the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock worth $2,019,000 after buying an additional 575,000 shares during the period. S Squared Technology LLC boosted its position in Kaltura by 39.6% during the 4th quarter. S Squared Technology LLC now owns 1,316,323 shares of the company’s stock valued at $2,159,000 after acquiring an additional 373,149 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kaltura by 63.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock worth $1,843,000 after acquiring an additional 355,358 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in shares of Kaltura during the 4th quarter worth approximately $364,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Kaltura

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.