BlackRock Inc. Invests $7.79 Million in Kaltura, Inc. $KLTR

BlackRock Inc. purchased a new stake in Kaltura, Inc. (NASDAQ:KLTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,993,468 shares of the company's stock, valued at approximately $7,792,000. BlackRock Inc. owned approximately 4.39% of Kaltura as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KLTR. BNP Paribas Financial Markets lifted its position in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock valued at $25,000 after buying an additional 7,184 shares in the last quarter. Rhumbline Advisers grew its stake in Kaltura by 10.7% in the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock valued at $151,000 after acquiring an additional 7,760 shares during the period. Invesco Ltd. increased its holdings in Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company's stock worth $93,000 after acquiring an additional 8,157 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company's stock worth $67,000 after acquiring an additional 8,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Kaltura by 66.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company's stock worth $47,000 after acquiring an additional 11,398 shares during the period. Institutional investors and hedge funds own 30.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KLTR shares. Wall Street Zen raised shares of Kaltura from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.00.

Kaltura Stock Down 1.3%

Shares of KLTR stock opened at $1.51 on Friday. Kaltura, Inc. has a 52 week low of $1.05 and a 52 week high of $2.05. The stock has a market capitalization of $230.35 million, a PE ratio of -16.78 and a beta of 1.18. The firm has a 50 day moving average of $1.47 and a two-hundred day moving average of $1.39.

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

Insider Activity

In other news, insider Eynav Azaria sold 83,995 shares of the business'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 completion of the transaction, the insider directly owned 2,072,527 shares of the company's stock, valued at approximately $4,165,779.27. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eyal Manor sold 138,143 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total value of $265,234.56. Following the transaction, the director directly owned 292,398 shares of the company's stock, valued at approximately $561,404.16. This represents a 32.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 688,949 shares of company stock worth $1,217,368. 16.30% of the stock is currently owned by company insiders.

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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