Kaltura (NASDAQ:KLTR) Shares Up 3.2% – Should You Buy?

Kaltura, Inc. (NASDAQ:KLTR)’s stock price shot up 3.2% during trading on Tuesday . The company traded as high as $1.44 and last traded at $1.43. 303,098 shares were traded during trading, a decline of 8% from the average session volume of 329,923 shares. The stock had previously closed at $1.3850.

Analyst Ratings Changes

KLTR has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

Kaltura Price Performance

The business’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.38. The firm has a market cap of $195.32 million, a PE ratio of -14.30 and a beta of 1.16.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The firm had revenue of $44.63 million for the quarter, compared to analyst estimates of $43.00 million.

Insider Activity

In other news, insider Natan Israeli sold 28,882 shares of Kaltura stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $1.51, for a total value of $43,611.82. Following the sale, the insider directly owned 2,214,249 shares of the company’s stock, valued at $3,343,515.99. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eyal Manor sold 34,601 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $1.30, for a total value of $44,981.30. Following the sale, the director owned 439,366 shares of the company’s stock, valued at $571,175.80. The trade was a 7.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 353,538 shares of company stock worth $515,121 over the last quarter. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kaltura

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC grew its holdings in shares of Kaltura by 69.6% during the first quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after buying an additional 25,352 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Kaltura by 99.7% in the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock worth $94,000 after buying an additional 25,083 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Kaltura during the first quarter worth about $128,000. Jane Street Group LLC acquired a new position in Kaltura during the first quarter worth about $90,000. Finally, Rhumbline Advisers grew its stake in Kaltura by 10.7% during the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after acquiring an additional 7,760 shares in the last quarter. 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.