Kaltura (NASDAQ:KLTR) Upgraded by Wall Street Zen to “Buy” Rating

Kaltura (NASDAQ:KLTR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other research firms also recently commented on KLTR. Needham & Company LLC reissued a “buy” rating and set a $3.00 target price on shares of Kaltura in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Kaltura Stock Performance

KLTR stock opened at $1.68 on Friday. The firm has a market cap of $262.63 million, a price-to-earnings ratio of -14.00 and a beta of 1.05. Kaltura has a twelve month low of $1.36 and a twelve month high of $2.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.43. The business’s fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.69.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $43.87 million for the quarter, compared to analysts’ expectations of $43.27 million. Kaltura had a negative return on equity of 54.84% and a negative net margin of 10.01%.

Insider Transactions at Kaltura

In other news, Director Eyal Manor sold 27,956 shares of Kaltura stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $1.82, for a total value of $50,879.92. Following the transaction, the director owned 340,634 shares of the company’s stock, valued at $619,953.88. The trade was a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John N. Doherty sold 18,580 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $1.52, for a total transaction of $28,241.60. Following the transaction, the chief financial officer owned 1,423,180 shares of the company’s stock, valued at approximately $2,163,233.60. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,936 shares of company stock worth $79,842 over the last 90 days. Company insiders own 13.50% of the company’s stock.

Institutional Trading of Kaltura

Several hedge funds and other institutional investors have recently made changes to their positions in KLTR. Citadel Advisors LLC acquired a new stake in shares of Kaltura in the 3rd quarter worth $35,000. Bridgeway Capital Management LLC raised its stake in Kaltura by 7.9% in the third quarter. Bridgeway Capital Management LLC now owns 269,700 shares of the company’s stock valued at $388,000 after buying an additional 19,700 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Kaltura by 348.8% in the third quarter. Squarepoint Ops LLC now owns 189,860 shares of the company’s stock worth $273,000 after acquiring an additional 147,559 shares in the last quarter. Boston Partners grew its stake in shares of Kaltura by 23.6% during the third quarter. Boston Partners now owns 269,570 shares of the company’s stock worth $388,000 after acquiring an additional 51,462 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its stake in shares of Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock worth $2,019,000 after acquiring an additional 575,000 shares during the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Company Profile

Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.