Wall Street Zen upgraded shares of Kaltura (NASDAQ:KLTR – Free Report) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research report on Friday, September 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.00.
View Our Latest Research Report on Kaltura
Kaltura Price Performance
Shares of Kaltura stock opened at $1.50 on Friday. Kaltura has a one year low of $1.05 and a one year high of $2.05. The stock’s 50-day moving average is $1.42 and its 200 day moving average is $1.40. The firm has a market cap of $228.82 million, a price-to-earnings ratio of -16.66 and a beta of 1.20.
Kaltura (NASDAQ:KLTR – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $46.89 million during the quarter, compared to analysts’ expectations of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.
Insider Buying and Selling at Kaltura
In other news, insider Natan Israeli sold 259,322 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total transaction of $484,932.14. Following the transaction, the insider owned 1,809,537 shares of the company’s stock, valued at $3,383,834.19. This represents a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eyal Manor sold 20,795 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $1.58, for a total value of $32,856.10. Following the completion of the sale, the director owned 249,965 shares of the company’s stock, valued at approximately $394,944.70. This represents a 7.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 633,644 shares of company stock valued at $1,145,474. Corporate insiders own 16.30% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Kaltura in the second quarter valued at approximately $7,792,000. S Squared Technology LLC acquired a new position in shares of Kaltura during the second quarter worth approximately $2,525,645. Renaissance Technologies LLC raised its position in shares of Kaltura by 2.2% during the first quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock worth $798,000 after purchasing an additional 14,300 shares during the period. Globeflex Capital L P acquired a new position in shares of Kaltura during the second quarter worth approximately $676,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Kaltura during the second quarter worth approximately $363,000. 30.79% of the stock is owned by institutional investors and hedge funds.
Kaltura Company Profile
Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.
The company’s offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.
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