Kaltura (NASDAQ:KLTR) Announces Quarterly Earnings Results

Kaltura (NASDAQ:KLTR) released its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.The firm had revenue of $44.63 million during the quarter, compared to the consensus estimate of $43.00 million.

Kaltura Stock Down 1.1%

Shares of KLTR stock traded down $0.02 during mid-day trading on Monday, hitting $1.37. 635,574 shares of the company’s stock were exchanged, compared to its average volume of 575,619. Kaltura has a fifty-two week low of $1.06 and a fifty-two week high of $2.33. The stock has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.46. The stock has a market cap of $205.27 million, a price-to-earnings ratio of -17.06 and a beta of 1.11.

Insiders Place Their Bets

In other Kaltura news, Director Richard Levandov acquired 40,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of $1.22 per share, for a total transaction of $48,800.00. Following the completion of the acquisition, the director directly owned 489,706 shares of the company’s stock, valued at $597,441.32. This trade represents a 8.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Eynav Azaria sold 17,671 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $1.47, for a total value of $25,976.37. Following the sale, the insider owned 2,305,891 shares in the company, valued at $3,389,659.77. This trade represents a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have acquired 223,125 shares of company stock worth $266,523 and have sold 326,075 shares worth $411,713. 13.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kaltura

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in Kaltura by 70.3% during the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after acquiring an additional 7,184 shares during the last quarter. Rhumbline Advisers increased its stake in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after acquiring an additional 7,760 shares during the last quarter. Invesco Ltd. increased its stake in Kaltura by 21.4% during the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after acquiring an additional 8,157 shares during the last quarter. Hsbc Holdings PLC increased its stake in Kaltura by 27.9% during the fourth quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after acquiring an additional 8,901 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Kaltura by 66.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after acquiring an additional 11,398 shares during the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

KLTR has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research note on Tuesday, March 17th. Wall Street Zen downgraded Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kaltura presently has a consensus rating of “Hold” and an average target price of $3.00.

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.