The Manufacturers Life Insurance Company Takes $67,000 Position in Kaltura, Inc. (NASDAQ:KLTR)

The Manufacturers Life Insurance Company purchased a new position in Kaltura, Inc. (NASDAQ:KLTR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,477 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors also recently modified their holdings of KLTR. Sei Investments Co. bought a new stake in Kaltura in the fourth quarter worth $25,000. Intech Investment Management LLC purchased a new position in shares of Kaltura in the 4th quarter worth about $98,000. SG Americas Securities LLC boosted its stake in Kaltura by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 45,286 shares of the company’s stock worth $100,000 after purchasing an additional 12,969 shares in the last quarter. Wells Fargo & Company MN grew its position in Kaltura by 53.9% during the 4th quarter. Wells Fargo & Company MN now owns 45,550 shares of the company’s stock valued at $100,000 after purchasing an additional 15,944 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Kaltura by 50.0% during the 4th quarter. Hsbc Holdings PLC now owns 46,950 shares of the company’s stock valued at $103,000 after purchasing an additional 15,655 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

Insider Transactions at Kaltura

In related news, CFO John N. Doherty sold 17,367 shares of Kaltura stock in a transaction on Friday, April 4th. The stock was sold at an average price of $1.69, for a total value of $29,350.23. Following the completion of the sale, the chief financial officer now owns 1,534,820 shares of the company’s stock, valued at $2,593,845.80. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 13.50% of the company’s stock.

Kaltura Stock Performance

KLTR stock opened at $2.18 on Tuesday. The stock’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $2.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura, Inc. has a 12-month low of $0.76 and a 12-month high of $2.82. The stock has a market capitalization of $334.89 million, a PE ratio of -10.38 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%. The business had revenue of $45.61 million for the quarter, compared to the consensus estimate of $44.36 million.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Friday, March 14th.

About Kaltura

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).