Ron Yekutiel Acquires 43,550 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) CEO Ron Yekutiel bought 43,550 shares of Kaltura stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $1.14 per share, for a total transaction of $49,647.00. Following the completion of the transaction, the chief executive officer directly owned 15,015,273 shares of the company’s stock, valued at $17,117,411.22. This trade represents a 0.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 19th, Ron Yekutiel purchased 44,100 shares of Kaltura stock. The stock was acquired at an average price of $1.12 per share, with a total value of $49,392.00.

Kaltura Trading Down 0.4%

KLTR traded down $0.01 during midday trading on Monday, hitting $1.23. The company’s stock had a trading volume of 541,904 shares, compared to its average volume of 651,280. Kaltura, Inc. has a 52-week low of $1.06 and a 52-week high of $2.33. The firm has a 50-day moving average price of $1.44 and a two-hundred day moving average price of $1.53. The firm has a market cap of $182.21 million, a P/E ratio of -15.31 and a beta of 1.06.

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

Hedge Funds Weigh In On Kaltura

Hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new position in shares of Kaltura during the 2nd quarter valued at $28,000. SG Americas Securities LLC purchased a new position in Kaltura in the third quarter valued at about $25,000. BNP Paribas Financial Markets raised its position in Kaltura by 70.3% in the third 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 period. Tower Research Capital LLC TRC lifted its stake in shares of Kaltura by 276.9% during the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after purchasing an additional 15,052 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Kaltura in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Analysts Set New Price Targets

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

About Kaltura

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.