Kaltura (NASDAQ:KLTR) Releases Earnings Results

Kaltura (NASDAQ:KLTR) issued its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports. The business had revenue of $45.54 million for the quarter, compared to analysts’ expectations of $45.35 million. Kaltura had a negative net margin of 10.01% and a negative return on equity of 54.84%.

Kaltura Trading Up 3.0%

KLTR stock traded up $0.04 during mid-day trading on Monday, reaching $1.39. 5,395,779 shares of the stock traded hands, compared to its average volume of 303,388. Kaltura has a 52-week low of $1.21 and a 52-week high of $2.33. The stock’s fifty day moving average is $1.47 and its 200-day moving average is $1.54. The company has a market cap of $217.30 million, a P/E ratio of -11.58 and a beta of 1.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.43.

Analysts Set New Price Targets

Several research firms have commented on KLTR. Wall Street Zen raised shares of Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kaltura currently has an average rating of “Hold” and an average target price of $3.00.

Institutional Investors Weigh In On Kaltura

Several hedge funds have recently made changes to their positions in KLTR. Tocqueville Asset Management L.P. boosted its stake in Kaltura by 69.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock worth $2,019,000 after purchasing an additional 575,000 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Kaltura by 63.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock valued at $1,843,000 after purchasing an additional 355,358 shares during the period. Los Angeles Capital Management LLC raised its stake in Kaltura by 355.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 191,285 shares of the company’s stock valued at $293,000 after purchasing an additional 149,310 shares during the period. Squarepoint Ops LLC raised its position in Kaltura by 348.8% during the third quarter. Squarepoint Ops LLC now owns 189,860 shares of the company’s stock valued at $273,000 after buying an additional 147,559 shares during the period. Finally, State Street Corp grew its stake in Kaltura by 9.2% during the 4th quarter. State Street Corp now owns 1,598,453 shares of the company’s stock valued at $2,621,000 after acquiring an additional 135,092 shares in the last quarter. Hedge funds and other institutional investors 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.