Kaltura (NASDAQ:KLTR) Stock Price Down 1.3% – Time to Sell?

Kaltura, Inc. (NASDAQ:KLTR)’s share price traded down 1.3% during mid-day trading on Tuesday . The company traded as low as $1.43 and last traded at $1.48. 437,040 shares were traded during trading, an increase of 40% from the average session volume of 313,188 shares. The stock had previously closed at $1.50.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KLTR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaltura in a report on Saturday, September 27th. Wall Street Zen downgraded shares of Kaltura from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $2.25.

Kaltura Stock Performance

The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.87. The firm has a market capitalization of $228.65 million, a PE ratio of -12.33 and a beta of 1.04.

Insider Transactions at Kaltura

In other Kaltura news, CFO John N. Doherty sold 38,114 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $1.49, for a total transaction of $56,789.86. Following the completion of the sale, the chief financial officer directly owned 1,441,760 shares of the company’s stock, valued at $2,148,222.40. This trade represents a 2.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Kaltura by 276.9% in the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock valued at $41,000 after purchasing an additional 15,052 shares in the last quarter. Brevan Howard Capital Management LP grew its holdings in shares of Kaltura by 96.7% in the second quarter. Brevan Howard Capital Management LP now owns 31,760 shares of the company’s stock valued at $64,000 after purchasing an additional 15,614 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Kaltura by 123.9% in the second quarter. Jane Street Group LLC now owns 107,667 shares of the company’s stock valued at $216,000 after purchasing an additional 59,571 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Kaltura by 553.5% in the second quarter. Sei Investments Co. now owns 74,267 shares of the company’s stock valued at $149,000 after purchasing an additional 62,902 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Kaltura in the second quarter valued at $48,000. 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).