Kaltura (NASDAQ:KLTR) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Kaltura to “Hold” from “Buy,” while Weiss Ratings maintained a “Sell (e+)” rating. Analysts are split, with an average “Hold” rating and a $3.00 price target.
• Kaltura shares opened at $1.41, giving the company a market capitalization of about $215.1 million. In its latest quarter, Kaltura reported adjusted earnings of $0.01 per share and revenue of $46.89 million, both ahead of estimates, but remained unprofitable overall.
• Insiders sold 688,376 shares worth approximately $1.22 million over the past three months, while institutional ownership stands at 30.79%; several investment firms, including BlackRock, recently initiated or increased positions.

Kaltura (NASDAQ:KLTR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Kaltura in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $3.00.

Kaltura Trading Down 1.4%

Shares of KLTR stock opened at $1.41 on Friday. The firm has a market capitalization of $215.10 million, a PE ratio of -15.66 and a beta of 1.18. The firm has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.39. Kaltura has a 12 month low of $1.05 and a 12 month high of $2.05.

Kaltura (NASDAQ:KLTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%.

Insider Buying and Selling at Kaltura

In other Kaltura news, Director Eyal Manor sold 138,143 shares of Kaltura stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1.92, for a total transaction of $265,234.56. Following the transaction, the director directly owned 292,398 shares of the company's stock, valued at $561,404.16. The trade was a 32.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eynav Azaria sold 83,995 shares of Kaltura stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total transaction of $168,829.95. Following the transaction, the insider directly owned 2,072,527 shares in the company, valued at $4,165,779.27. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 688,376 shares of company stock worth $1,220,255. Corporate insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Kaltura during the second quarter worth $7,792,000. S Squared Technology LLC bought a new position in Kaltura in the 2nd quarter valued at $2,525,645. Tocqueville Asset Management L.P. increased its position 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 last quarter. Globeflex Capital L P purchased a new stake in shares of Kaltura during the 2nd quarter valued at $676,000. Finally, Arrowstreet Capital Limited Partnership raised its stake 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 worth $1,843,000 after purchasing an additional 355,358 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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