Kaltura (NASDAQ:KLTR) Stock Rating Upgraded by Wall Street Zen

Kaltura (NASDAQ:KLTR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Kaltura Stock Performance

NASDAQ KLTR opened at $1.85 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.06 and a quick ratio of 1.06. Kaltura has a 1-year low of $1.06 and a 1-year high of $2.82. The business has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.13. The stock has a market capitalization of $284.20 million, a PE ratio of -13.21 and a beta of 1.09.

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 14,828 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $1.97, for a total transaction of $29,211.16. Following the completion of the transaction, the chief financial officer owned 1,479,874 shares in the company, valued at $2,915,351.78. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.50% of the company’s stock.

Institutional Trading of Kaltura

A number of large investors have recently made changes to their positions in KLTR. ProShare Advisors LLC raised its holdings in Kaltura by 51.2% during the 4th quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock valued at $60,000 after buying an additional 9,291 shares during the period. Avalon Ventures Management LLC bought a new position in Kaltura during the fourth quarter valued at $19,718,000. Geode Capital Management LLC increased its position in Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company’s stock valued at $4,404,000 after acquiring an additional 11,203 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Kaltura by 58.3% in the fourth quarter. Renaissance Technologies LLC now owns 638,600 shares of the company’s stock valued at $1,405,000 after acquiring an additional 235,200 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Kaltura by 122.0% in the 4th quarter. JPMorgan Chase & Co. now owns 357,328 shares of the company’s stock worth $786,000 after acquiring an additional 196,344 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

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).