Kaltura (NASDAQ:KLTR) CEO Acquires $49,392.00 in Stock

Kaltura, Inc. (NASDAQ:KLTR) CEO Ron Yekutiel purchased 44,100 shares of the stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $1.12 per share, with a total value of $49,392.00. Following the completion of the acquisition, the chief executive officer directly owned 14,971,723 shares of the company’s stock, valued at approximately $16,768,329.76. This represents a 0.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kaltura Stock Up 11.5%

Shares of KLTR stock opened at $1.22 on Monday. Kaltura, Inc. has a 12-month low of $1.06 and a 12-month high of $2.33. The firm has a fifty day moving average of $1.44 and a 200-day moving average of $1.53. The company has a market capitalization of $180.72 million, a price-to-earnings ratio of -15.19 and a beta of 1.06.

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

Institutional Investors Weigh In On Kaltura

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in shares of Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock valued at $67,000 after buying an additional 8,901 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Kaltura during the fourth quarter worth $81,000. Millennium Management LLC raised its position in Kaltura by 21.0% during the fourth quarter. Millennium Management LLC now owns 306,251 shares of the company’s stock worth $502,000 after acquiring an additional 53,251 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Kaltura by 9.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 294,700 shares of the company’s stock valued at $483,000 after acquiring an additional 25,000 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Kaltura by 34.0% in the fourth quarter. AQR Capital Management LLC now owns 126,109 shares of the company’s stock valued at $207,000 after acquiring an additional 32,024 shares during the last quarter. Institutional investors own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

KLTR has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kaltura in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.00.

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.