Insider Buying: Kaltura (NASDAQ:KLTR) CEO Acquires $49,600.00 in Stock

Kaltura, Inc. (NASDAQ:KLTR) CEO Ron Yekutiel bought 40,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $1.24 per share, with a total value of $49,600.00. Following the acquisition, the chief executive officer owned 15,095,748 shares in the company, valued at approximately $18,718,727.52. This trade represents a 0.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ron Yekutiel also recently made the following trade(s):

• On Monday, March 23rd, Ron Yekutiel purchased 40,475 shares of Kaltura stock. The shares were bought at an average price of $1.23 per share, for a total transaction of $49,784.25.
• On Friday, March 20th, Ron Yekutiel purchased 43,550 shares of Kaltura stock. The stock was bought at an average price of $1.14 per share, with a total value of $49,647.00.
• On Thursday, March 19th, Ron Yekutiel bought 44,100 shares of Kaltura stock. The stock was purchased at an average cost of $1.12 per share, for a total transaction of $49,392.00.

Kaltura Price Performance

Kaltura stock opened at $1.25 on Friday. The firm has a market capitalization of $185.93 million, a P/E ratio of -15.63 and a beta of 1.06. Kaltura, Inc. has a 1-year low of $1.06 and a 1-year high of $2.33. The company’s 50-day moving average is $1.41 and its 200 day moving average is $1.52.

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research note on Monday, December 29th. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Kaltura by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after purchasing an additional 79,633 shares during the last quarter. Gagnon Securities LLC boosted its stake in Kaltura by 32.6% in the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock valued at $4,156,000 after acquiring an additional 709,598 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kaltura by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock valued at $3,352,000 after acquiring an additional 122,548 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Kaltura by 5.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after purchasing an additional 83,792 shares during the last quarter. Finally, State Street Corp grew its holdings in Kaltura by 9.2% in the fourth quarter. State Street Corp now owns 1,598,453 shares of the company’s stock worth $2,621,000 after purchasing an additional 135,092 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

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.