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

Kaltura (NASDAQ:KLTR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other brokerages have also commented on KLTR. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kaltura currently has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Stock Up 11.5%

Shares of NASDAQ KLTR opened at $1.22 on Friday. The firm has a market cap of $180.72 million, a PE ratio of -15.19 and a beta of 1.06. The company’s fifty day simple moving average is $1.44 and its 200 day simple moving average is $1.53. Kaltura has a 12-month low of $1.06 and a 12-month high of $2.33.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $45.54 million during the quarter, compared to the consensus estimate of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Insider Buying and Selling

In other Kaltura news, CEO Ron Yekutiel purchased 44,100 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of $1.12 per share, for a total transaction of $49,392.00. Following the completion of the acquisition, the chief executive officer owned 14,971,723 shares of the company’s stock, valued at $16,768,329.76. The trade was a 0.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naama Halevi-Davidov sold 93,624 shares of Kaltura stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $1.20, for a total value of $112,348.80. Following the sale, the director owned 368,682 shares in the company, valued at $442,418.40. This trade represents a 20.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KLTR. Cubist Systematic Strategies LLC raised its stake in shares of Kaltura by 69.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company’s stock worth $116,000 after purchasing an additional 25,352 shares during the period. AQR Capital Management LLC grew its position in Kaltura by 99.7% during the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company’s stock valued at $94,000 after buying an additional 25,083 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Kaltura during the first quarter valued at about $128,000. Jane Street Group LLC purchased a new stake in Kaltura during the first quarter worth about $90,000. Finally, Rhumbline Advisers increased its holdings in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after buying an additional 7,760 shares during the last quarter. Institutional investors own 30.79% of the company’s stock.

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.