Kaltura (NASDAQ:KLTR) CEO Ron Yekutiel Acquires 44,100 Shares

Kaltura, Inc. (NASDAQ:KLTR) CEO Ron Yekutiel acquired 44,100 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of $1.12 per share, for a total transaction of $49,392.00. Following the acquisition, the chief executive officer directly owned 14,971,723 shares in the company, valued at $16,768,329.76. This represents a 0.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kaltura Price Performance

Shares of Kaltura stock opened at $1.22 on Friday. The business has a 50-day moving average of $1.44 and a 200-day moving average of $1.53. The company has a market capitalization of $180.72 million, a PE ratio of -15.19 and a beta of 1.06. Kaltura, Inc. has a 1-year low of $1.06 and a 1-year high of $2.33.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter. The business had revenue of $45.54 million for the quarter, compared to analysts’ expectations of $45.35 million. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC raised its position in shares of Kaltura by 27.9% during the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock valued at $67,000 after acquiring an additional 8,901 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Kaltura during the fourth quarter valued at $81,000. Millennium Management LLC increased its stake in Kaltura by 21.0% during the fourth quarter. Millennium Management LLC now owns 306,251 shares of the company’s stock valued at $502,000 after purchasing an additional 53,251 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Kaltura by 9.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 294,700 shares of the company’s stock worth $483,000 after purchasing an additional 25,000 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Kaltura by 34.0% during the fourth quarter. AQR Capital Management LLC now owns 126,109 shares of the company’s stock worth $207,000 after purchasing an additional 32,024 shares during the period. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KLTR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research note on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.00.

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.