Kaltura (NASDAQ:KLTR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Kaltura (NASDAQ:KLTR) from a hold rating to a buy rating in a research note issued to investors on Saturday.

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

Kaltura Price Performance

Shares of Kaltura stock opened at $1.60 on Friday. Kaltura has a fifty-two week low of $1.05 and a fifty-two week high of $2.05. The firm has a fifty day moving average price of $1.45 and a two-hundred day moving average price of $1.39. The company has a market cap of $244.08 million, a PE ratio of -17.78 and a beta of 1.15.

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

Insider Buying and Selling

In other Kaltura news, Director Eyal Manor sold 138,143 shares of Kaltura stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total transaction of $265,234.56. Following the sale, the director directly owned 292,398 shares of the company’s stock, valued at approximately $561,404.16. The trade was a 32.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natan Israeli sold 259,322 shares of the company’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 sale, the insider owned 1,809,537 shares in the company, valued at approximately $3,383,834.19. This represents a 12.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 721,555 shares of company stock valued at $1,265,249 over the last quarter. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of Kaltura

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Kaltura in the second quarter valued at $7,792,000. Vanguard Group Inc. lifted its holdings in shares of Kaltura by 1.6% during the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after acquiring an additional 79,633 shares during the period. Geode Capital Management LLC boosted its stake in shares of Kaltura by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock valued at $3,352,000 after purchasing an additional 122,548 shares in the last quarter. S Squared Technology LLC acquired a new stake in shares of Kaltura in the 2nd quarter valued at $2,525,645. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kaltura by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after purchasing an additional 83,792 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.