Wall Street Zen Downgrades Kaltura (NASDAQ:KLTR) to Buy

Kaltura (NASDAQ:KLTR) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Kaltura Trading Down 7.3%

Shares of NASDAQ KLTR opened at $1.66 on Friday. Kaltura has a 1-year low of $1.06 and a 1-year high of $2.82. The company has a market cap of $255.01 million, a PE ratio of -11.86 and a beta of 1.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average of $1.98 and a two-hundred day moving average of $2.09.

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 40,118 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $2.23, for a total transaction of $89,463.14. Following the transaction, the chief financial officer owned 1,494,702 shares of the company’s stock, valued at approximately $3,333,185.46. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kaltura

A number of institutional investors and hedge funds have recently made changes to their positions in KLTR. Acadian Asset Management LLC boosted its holdings in Kaltura by 170.6% in the first quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company’s stock valued at $2,780,000 after acquiring an additional 935,255 shares during the last quarter. S Squared Technology LLC acquired a new position in Kaltura during the 1st quarter valued at about $1,679,000. Tocqueville Asset Management L.P. bought a new position in shares of Kaltura in the 1st quarter valued at about $1,184,000. Millennium Management LLC grew its position in shares of Kaltura by 249.7% during the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock worth $1,575,000 after buying an additional 511,072 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Kaltura during the 4th quarter worth approximately $935,000. 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).