Kaltura (NASDAQ:KLTR) Trading 7% Higher – Still a Buy?

Shares of Kaltura, Inc. (NASDAQ:KLTR) were up 7% during trading on Thursday . The company traded as high as $1.88 and last traded at $1.83. Approximately 398,618 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 334,033 shares. The stock had previously closed at $1.71.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Kaltura from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th.

Kaltura Trading Up 7.0%

The firm has a market capitalization of $281.12 million, a P/E ratio of -13.07 and a beta of 1.09. The firm’s 50-day simple moving average is $2.06 and its 200-day simple moving average is $2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.23.

Insider Transactions at Kaltura

In related news, CFO John N. Doherty sold 14,828 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $1.97, for a total value of $29,211.16. Following the completion of the sale, the chief financial officer owned 1,479,874 shares of the company’s stock, valued at $2,915,351.78. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Kaltura

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLTR. Rhumbline Advisers increased its holdings in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after acquiring an additional 7,760 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Kaltura by 170.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company’s stock valued at $2,780,000 after buying an additional 935,255 shares in the last quarter. Jane Street Group LLC purchased a new position in Kaltura in the 1st quarter worth approximately $90,000. S Squared Technology LLC bought a new stake in Kaltura in the 1st quarter worth approximately $1,679,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Kaltura in the 1st quarter worth approximately $128,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Company Profile

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).