Kaltura (NASDAQ:KLTR) Stock Rating Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Kaltura from Buy to Hold. Combined with Weiss Ratings’ Sell rating, the stock’s average rating is Hold, with an average price target of $3.00.
• Kaltura reported quarterly EPS of $0.01, beating the consensus estimate of a $0.01 loss, and revenue of $46.89 million versus expectations of $45.60 million. The company still posted a negative net margin of 6.92%.
• Company insiders sold 152,184 shares worth about $226,000 over the past quarter; insiders currently own 16.3% of Kaltura.

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

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Kaltura in a research report on Friday, September 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Kaltura currently has an average rating of "Hold" and an average target price of $3.00.

Kaltura Stock Up 2.7%

Shares of KLTR opened at $1.52 on Friday. The stock has a market capitalization of $231.88 million, a P/E ratio of -16.89 and a beta of 1.24. The firm has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.40. Kaltura has a twelve month low of $1.05 and a twelve month high of $2.05.

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

Insider Activity at Kaltura

In related news, Director Eyal Manor sold 21,638 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1.53, for a total transaction of $33,106.14. Following the completion of the transaction, the director owned 270,760 shares in the company, valued at approximately $414,262.80. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 152,184 shares of company stock valued at $226,477 over the last quarter. 16.30% of the stock is currently owned by insiders.

Institutional Trading of Kaltura

Hedge funds have recently bought and sold shares of the stock. S Squared Technology LLC purchased a new position in shares of Kaltura during the second quarter valued at about $2,525,645. BlackRock Inc. bought a new stake in shares of Kaltura in the second quarter worth about $7,792,000. Globeflex Capital L P purchased a new stake in shares of Kaltura in the second quarter worth about $676,000. Ieq Capital LLC purchased a new stake in shares of Kaltura in the second quarter worth about $126,000. Finally, State of Wyoming purchased a new stake in shares of Kaltura in the second quarter worth about $109,000. Hedge funds and other institutional investors own 30.79% of the company's stock.

About Kaltura

Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.

The company's offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.