Gagnon Securities LLC Purchases 1,324,799 Shares of Kaltura, Inc. $KLTR

Gagnon Securities LLC grew its position in Kaltura, Inc. (NASDAQ:KLTR) by 40.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,591,798 shares of the company’s stock after buying an additional 1,324,799 shares during the quarter. Gagnon Securities LLC’s holdings in Kaltura were worth $5,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Kaltura during the 2nd quarter worth about $7,792,000. S Squared Technology LLC purchased a new position in Kaltura during the 2nd quarter valued at about $2,525,645. Globeflex Capital L P acquired a new position in Kaltura in the 2nd quarter valued at about $676,000. Tocqueville Asset Management L.P. purchased a new stake in Kaltura during the second quarter worth about $363,000. Finally, Bank of New York Mellon Corp purchased a new stake in Kaltura during the second quarter worth about $358,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Insider Activity at Kaltura

In other Kaltura news, Director Eyal Manor sold 20,795 shares of the stock in a transaction on Thursday, August 27th. The stock was 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 approximately $394,944.70. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 152,184 shares of company stock valued at $226,477. 16.30% of the stock is owned by company insiders.

Kaltura Trading Up 5.7%

KLTR stock opened at $1.48 on Thursday. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The company has a market capitalization of $225.78 million, a P/E ratio of -18.50 and a beta of 1.24. The business has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.40.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Kaltura had a negative net margin of 6.18% and a negative return on equity of 67.69%. The company had revenue of $47.27 million for the quarter, compared to analyst estimates of $46.10 million.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a research report on Friday, September 11th. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research note on Sunday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.00.

Kaltura 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.