Kaltura (NASDAQ:KLTR) Stock Price Down 4.3% – Time to Sell?

Kaltura, Inc. (NASDAQ:KLTR)’s stock price was down 4.3% during mid-day trading on Friday . The company traded as low as $1.34 and last traded at $1.34. Approximately 155,452 shares were traded during trading, a decline of 53% from the average daily volume of 330,414 shares. The stock had previously closed at $1.40.

Wall Street Analysts Forecast Growth

KLTR has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Trading Down 4.3%

The firm has a market cap of $209.48 million, a PE ratio of -11.17 and a beta of 1.04. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.43.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in shares of Kaltura in the 4th quarter worth about $81,000. Millennium Management LLC raised its stake in Kaltura by 21.0% in the fourth quarter. Millennium Management LLC now owns 306,251 shares of the company’s stock worth $502,000 after buying an additional 53,251 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Kaltura by 9.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 294,700 shares of the company’s stock worth $483,000 after buying an additional 25,000 shares during the period. AQR Capital Management LLC boosted its position in Kaltura by 34.0% during the 4th 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 in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kaltura by 5.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after acquiring an additional 83,792 shares during the period. 30.79% of the stock is 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.