Kaltura (NASDAQ:KLTR) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Kaltura (NASDAQ:KLTR) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.00.

Kaltura Trading Down 1.4%

Shares of KLTR stock opened at $1.41 on Friday. Kaltura has a 12-month low of $1.05 and a 12-month high of $2.05. The business’s 50 day moving average is $1.49 and its two-hundred day moving average is $1.39. The company has a market capitalization of $215.10 million, a P/E ratio of -15.66 and a beta of 1.18.

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

Insiders Place Their Bets

In other Kaltura news, Director Eyal Manor sold 20,795 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1.58, for a total transaction of $32,856.10. Following the completion of the transaction, the director owned 249,965 shares of the company’s stock, valued at $394,944.70. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eynav Azaria sold 83,995 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 2,072,527 shares in the company, valued at approximately $4,165,779.27. This trade represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 688,376 shares of company stock worth $1,220,255. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Kaltura

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of 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 in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Kaltura in the 2nd quarter worth $28,000. Citadel Advisors LLC purchased a new position in shares of Kaltura during the 3rd quarter worth $35,000. Acuitas Investments LLC purchased a new position in shares of Kaltura during the 1st quarter worth $37,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Kaltura during the 4th quarter valued at about $38,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

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.