Globeflex Capital L P Buys Shares of 519,673 Kaltura, Inc. $KLTR

Globeflex Capital L P purchased a new stake in Kaltura, Inc. (NASDAQ:KLTR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 519,673 shares of the company’s stock, valued at approximately $676,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position 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 worth $25,000 after buying an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Kaltura during the 2nd quarter valued at about $28,000. Citadel Advisors LLC purchased a new position in Kaltura during the 3rd quarter valued at about $35,000. Acuitas Investments LLC acquired a new position in Kaltura during the first quarter worth about $37,000. Finally, EntryPoint Capital LLC acquired a new position in Kaltura during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Kaltura Stock Performance

KLTR stock opened at $1.53 on Wednesday. The stock has a market capitalization of $233.40 million, a P/E ratio of -17.00 and a beta of 1.15. Kaltura, Inc. has a one year low of $1.05 and a one year high of $2.05. The company has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $1.38.

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

Insider Activity at Kaltura

In other Kaltura news, insider Natan Israeli sold 259,322 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.87, for a total value of $484,932.14. Following the sale, the insider directly owned 1,809,537 shares of the company’s stock, valued at approximately $3,383,834.19. This trade represents a 12.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eynav Azaria sold 83,995 shares of Kaltura stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $2.01, for a total value of $168,829.95. Following the completion of the sale, the insider owned 2,072,527 shares of the company’s stock, valued at $4,165,779.27. This trade represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 699,917 shares of company stock worth $1,232,142. 16.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Wednesday, May 13th. 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.com, the stock has a consensus rating of “Hold” and a consensus 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.