S Squared Technology LLC Purchases New Stake in Kaltura, Inc. $KLTR

S Squared Technology LLC acquired a new position in Kaltura, Inc. (NASDAQ:KLTR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,942,804 shares of the company’s stock, valued at approximately $2,525,645,000. Kaltura accounts for 0.8% of S Squared Technology LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KLTR. Qube Research & Technologies Ltd acquired a new position in Kaltura during the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets boosted its stake in shares of Kaltura by 70.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after purchasing an additional 7,184 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after buying an additional 15,052 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Kaltura during the 4th quarter worth approximately $38,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Kaltura during the 2nd quarter worth approximately $48,000. 30.79% of the stock is owned by institutional investors.

Kaltura Stock Up 1.2%

KLTR opened at $1.63 on Tuesday. Kaltura, Inc. has a 12 month low of $1.05 and a 12 month high of $2.05. The company has a fifty day simple moving average of $1.43 and a 200 day simple moving average of $1.38. The stock has a market cap of $248.66 million, a P/E ratio of -18.11 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.

Insiders Place Their Bets

In other news, Director Eyal Manor sold 138,143 shares of Kaltura stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total transaction of $265,234.56. Following the transaction, the director owned 292,398 shares in the company, valued at $561,404.16. The trade was a 32.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natan Israeli sold 259,322 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the transaction, the insider owned 1,809,537 shares of the company’s stock, valued at $3,383,834.19. This represents a 12.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 700,117 shares of company stock worth $1,232,442 over the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KLTR shares. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.00.

Kaltura 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.