Kaltura (NASDAQ:KLTR) Stock Price Down 4.3% – Time to Sell?

Kaltura, Inc. (NASDAQ:KLTR)’s stock price dropped 4.3% during trading on Friday . The stock traded as low as $1.34 and last traded at $1.34. Approximately 155,452 shares changed hands during trading, a decline of 53% from the average daily volume of 330,414 shares. The stock had previously closed at $1.40.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KLTR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued 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 given a Sell rating to the stock. According to MarketBeat, Kaltura presently has a consensus rating of “Hold” and an average price target of $3.00.

Kaltura Stock Down 4.3%

The business has a 50-day simple moving average of $1.55 and a two-hundred day simple moving average of $1.56. The company has a market capitalization of $209.49 million, a price-to-earnings ratio of -11.17 and a beta of 1.04. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.12 and a current ratio of 1.12.

Hedge Funds Weigh In On Kaltura

Several institutional investors have recently bought and sold shares of KLTR. BNP Paribas Financial Markets boosted its holdings in shares of Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after acquiring an additional 7,184 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Kaltura by 7.4% in the 3rd quarter. GSA Capital Partners LLP now owns 111,532 shares of the company’s stock valued at $161,000 after purchasing an additional 7,695 shares in the last quarter. Rhumbline Advisers boosted its holdings in Kaltura by 10.7% in the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after purchasing an additional 7,760 shares in the last quarter. Invesco Ltd. increased 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 period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Kaltura by 8.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 131,900 shares of the company’s stock worth $265,000 after buying an additional 10,000 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

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.