Kaltura (NASDAQ:KLTR) Trading Down 1.3% – Here’s What Happened

Kaltura, Inc. (NASDAQ:KLTR)’s stock price traded down 1.3% during trading on Monday . The stock traded as low as $1.55 and last traded at $1.57. 154,282 shares traded hands during trading, a decline of 37% from the average session volume of 244,512 shares. The stock had previously closed at $1.59.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Kaltura in a research note on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Kaltura in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kaltura has a consensus rating of “Hold” and an average price target of $3.00.

Kaltura Stock Down 1.3%

The company has a market cap of $245.44 million, a P/E ratio of -13.08 and a beta of 1.04. The company’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.12 and a quick ratio of 1.12.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Monday, November 10th. The company reported $0.01 EPS for the quarter. Kaltura had a negative return on equity of 54.84% and a negative net margin of 10.01%.The business had revenue of $43.87 million for the quarter, compared to the consensus estimate of $43.27 million.

Insider Buying and Selling

In other Kaltura news, Director Eyal Manor sold 27,956 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $1.82, for a total value of $50,879.92. Following the completion of the transaction, the director owned 340,634 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 13.50% of the company’s stock.

Institutional Investors Weigh In On Kaltura

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its holdings in shares of Kaltura by 170.6% in the first quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company’s stock worth $2,780,000 after acquiring an additional 935,255 shares during the period. Gagnon Securities LLC boosted its position in Kaltura by 32.6% in the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after purchasing an additional 709,598 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Kaltura by 69.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock valued at $2,019,000 after purchasing an additional 575,000 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Kaltura by 63.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock valued at $1,843,000 after purchasing an additional 355,358 shares during the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of Kaltura during the 2nd quarter valued at about $388,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

About Kaltura

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.