Kaltura (NASDAQ:KLTR) Stock Breaks Above Fifty Day Moving Average – What’s Next?

Kaltura, Inc. (NASDAQ:KLTR)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.43 and traded as high as $1.48. Kaltura shares last traded at $1.47, with a volume of 271,028 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on KLTR. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Kaltura Stock Performance

The business has a 50-day moving average of $1.43 and a 200-day moving average of $1.40. The stock has a market capitalization of $224.25 million, a price-to-earnings ratio of -16.33 and a beta of 1.20.

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 company had revenue of $46.89 million during the quarter, compared to analyst estimates of $45.60 million.

Insider Buying and Selling

In other Kaltura news, Director Eyal Manor sold 20,795 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1.58, for a total value of $32,856.10. Following the completion of the transaction, the director owned 249,965 shares in the company, valued at $394,944.70. The trade was a 7.68% decrease 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 83,995 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total value of $168,829.95. Following the sale, the insider directly owned 2,072,527 shares in the company, valued at $4,165,779.27. This represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 633,638 shares of company stock valued at $1,145,464 in the last ninety days. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Kaltura

Large investors have recently bought and sold shares of the stock. Acuitas Investments LLC acquired a new stake in Kaltura in the 1st quarter valued at about $37,000. Hsbc Holdings PLC acquired a new position in shares of Kaltura during the second quarter worth about $46,000. Deutsche Bank AG acquired a new position in shares of Kaltura during the second quarter worth about $94,000. State of Wyoming purchased a new stake in shares of Kaltura during the second quarter worth approximately $109,000. Finally, Teton Advisors LLC purchased a new stake in shares of Kaltura during the first quarter worth approximately $122,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Company Profile

Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.

The company’s offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.