Kaltura (NASDAQ:KLTR) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Kaltura to “Buy” from “Hold,” while Weiss Ratings maintained a “Sell (e+)” rating. MarketBeat’s overall consensus remains “Hold,” with an average price target of $3.00.
• Kaltura shares opened at $1.45, with a market capitalization of approximately $221 million. In its latest quarter, the company reported EPS of $0.01 and revenue of $46.89 million, exceeding analyst estimates.
• Insiders sold 633,644 shares worth about $1.15 million over the past 90 days, although institutional investors and hedge funds own roughly 30.8% of the stock.

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

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

Kaltura Trading Down 3.3%

Shares of NASDAQ KLTR opened at $1.45 on Friday. Kaltura has a 12-month low of $1.05 and a 12-month high of $2.05. The stock has a market cap of $221.20 million, a PE ratio of -16.11 and a beta of 1.20. The company has a 50-day moving average of $1.42 and a 200 day moving average of $1.40.

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

Insiders Place Their Bets

In other Kaltura news, insider Eynav Azaria sold 83,995 shares of the firm's stock in a transaction dated 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 owned 2,072,527 shares of the company's stock, valued at approximately $4,165,779.27. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natan Israeli sold 259,322 shares of Kaltura stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1.87, for a total value of $484,932.14. Following the transaction, the insider directly owned 1,809,537 shares in the company, valued at approximately $3,383,834.19. This trade represents a 12.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 633,644 shares of company stock valued at $1,145,474 in the last ninety days. Insiders own 16.30% of the company's stock.

Institutional Trading of Kaltura

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming increased its position in shares of Kaltura by 12.3% in the 3rd quarter. State of Wyoming now owns 93,856 shares of the company's stock valued at $120,000 after buying an additional 10,302 shares in the last quarter. Renaissance Technologies LLC raised its stake in Kaltura by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company's stock worth $798,000 after buying an additional 14,300 shares during the period. Hsbc Holdings PLC raised its stake in Kaltura by 69.2% during the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company's stock worth $85,000 after buying an additional 28,194 shares during the period. Acuitas Investments LLC acquired a new stake in Kaltura during the 1st quarter worth $37,000. Finally, Deutsche Bank AG bought a new position in Kaltura during the second quarter worth about $94,000. 30.79% of the stock is owned by institutional investors and hedge funds.

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.

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