Kaltura (NASDAQ:KLTR) CEO Ron Yekutiel Buys 43,550 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) CEO Ron Yekutiel purchased 43,550 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $1.14 per share, for a total transaction of $49,647.00. Following the purchase, the chief executive officer owned 15,015,273 shares in the company, valued at approximately $17,117,411.22. The trade was a 0.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Ron Yekutiel also recently made the following trade(s):

• On Thursday, March 19th, Ron Yekutiel purchased 44,100 shares of Kaltura stock. The shares were acquired at an average price of $1.12 per share, with a total value of $49,392.00.

Kaltura Trading Down 0.8%

Shares of NASDAQ:KLTR opened at $1.22 on Tuesday. The business has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.53. The company has a market capitalization of $181.46 million, a price-to-earnings ratio of -15.25 and a beta of 1.06. Kaltura, Inc. has a 12-month low of $1.06 and a 12-month high of $2.33.

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

Institutional Trading of Kaltura

A number of institutional investors and hedge funds have recently bought and sold shares of KLTR. Gagnon Securities LLC boosted its stake in shares of Kaltura by 32.6% in the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock valued at $4,156,000 after purchasing an additional 709,598 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of Kaltura by 8.2% in the second quarter. Hillsdale Investment Management Inc. now owns 131,900 shares of the company’s stock valued at $265,000 after purchasing an additional 10,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Kaltura by 66.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after buying an additional 11,398 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after buying an additional 15,052 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Kaltura during the 3rd quarter worth approximately $40,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KLTR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research report on Tuesday, March 17th. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kaltura in a research note on Monday, December 29th. One 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 presently has an average rating of “Hold” and an average target price of $3.00.

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.