Kaltura (NASDAQ:KLTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kaltura (NASDAQ:KLTR) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other equities research analysts have also recently issued reports on KLTR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a research note on Monday, December 15th. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Kaltura Price Performance

KLTR stock opened at $1.69 on Friday. Kaltura has a 1 year low of $1.36 and a 1 year high of $2.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50 day moving average price is $1.58 and its 200 day moving average price is $1.68. The firm has a market cap of $264.20 million, a P/E ratio of -14.08 and a beta of 1.05.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.01 earnings per share for the quarter. Kaltura had a negative return on equity of 54.84% and a negative net margin of 10.01%.The company had revenue of $43.87 million during the quarter, compared to the consensus estimate of $43.27 million.

Insider Activity

In related news, Director Eyal Manor sold 27,956 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $1.82, for a total value of $50,879.92. Following the sale, the director directly owned 340,634 shares of the company’s stock, valued at approximately $619,953.88. This trade represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John N. Doherty sold 18,580 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were 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 of the company’s stock, valued at approximately $2,163,233.60. The trade was a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 46,936 shares of company stock worth $79,842. Insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLTR. S Squared Technology LLC purchased a new stake in Kaltura during the first quarter worth approximately $1,679,000. Acadian Asset Management LLC raised its stake in shares of Kaltura by 170.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company’s stock valued at $2,780,000 after acquiring an additional 935,255 shares during the period. Integrated Quantitative Investments LLC acquired a new position in shares of Kaltura during the 2nd quarter valued at $388,000. Walleye Capital LLC boosted its position in Kaltura by 154.9% during the 1st quarter. Walleye Capital LLC now owns 497,342 shares of the company’s stock worth $935,000 after purchasing an additional 302,243 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Kaltura during the 2nd quarter worth $84,000. Institutional investors and hedge funds 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.