Kaltura (NASDAQ:KLTR) Releases Quarterly Earnings Results

Kaltura (NASDAQ:KLTR) announced its quarterly earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. Kaltura had a negative net margin of 10.52% and a negative return on equity of 57.20%.

Kaltura Stock Performance

NASDAQ:KLTR remained flat at $1.47 during midday trading on Monday. 335,088 shares of the company were exchanged, compared to its average volume of 370,038. The company has a market cap of $227.10 million, a PE ratio of -12.25 and a beta of 1.05. Kaltura has a 12 month low of $1.36 and a 12 month high of $2.82. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day moving average price of $1.56 and a 200-day moving average price of $1.80.

Wall Street Analyst Weigh In

KLTR has been the subject of a number of research analyst reports. Wall Street Zen lowered Kaltura from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Insider Activity at Kaltura

In other news, CFO John N. Doherty sold 18,580 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 1,423,180 shares in the company, valued at approximately $2,163,233.60. This represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.50% of the company’s stock.

Institutional Investors Weigh In On Kaltura

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after acquiring an additional 7,760 shares during the last quarter. Invesco Ltd. grew its position in Kaltura by 21.4% during the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after purchasing an additional 8,157 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Kaltura during the 2nd quarter valued at approximately $28,000. Tower Research Capital LLC TRC raised its holdings in shares of Kaltura by 276.9% in the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after buying an additional 15,052 shares during the last quarter. Finally, Brevan Howard Capital Management LP raised its holdings in shares of Kaltura by 96.7% in the second quarter. Brevan Howard Capital Management LP now owns 31,760 shares of the company’s stock worth $64,000 after buying an additional 15,614 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).