S Squared Technology LLC Invests $2.53 Billion in Kaltura, Inc. $KLTR

Key Points

• S Squared Technology LLC acquired 1.94 million Kaltura shares valued at approximately $2.53 billion, making Kaltura 0.8% of its portfolio and representing about 1.27% of Kaltura’s outstanding stock.
• Analyst sentiment remains mixed, with one Buy and one Sell rating; MarketBeat’s consensus rating is Hold with a $3.00 price target. Kaltura recently exceeded quarterly revenue and EPS expectations, reporting $46.89 million in revenue and $0.01 EPS.
• Kaltura shares opened at $1.63, while insiders sold 700,117 shares worth about $1.23 million over the past three months. Institutional investors own 30.79% of the company, and insiders hold 16.30%.

S Squared Technology LLC bought a new position in shares of Kaltura, Inc. (NASDAQ:KLTR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,942,804 shares of the company's stock, valued at approximately $2,525,645,000. Kaltura accounts for about 0.8% of S Squared Technology LLC's portfolio, making the stock its 26th biggest holding. S Squared Technology LLC owned about 1.27% of Kaltura at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KLTR shares. Needham & Company LLC reissued a "buy" rating and set a $3.00 target price on shares of Kaltura in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kaltura presently has an average rating of "Hold" and a consensus target price of $3.00.

Kaltura Stock Performance

Shares of NASDAQ:KLTR opened at $1.63 on Tuesday. The business has a fifty day moving average of $1.43 and a 200-day moving average of $1.38. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The firm has a market cap of $248.66 million, a PE ratio of -18.11 and a beta of 1.15.

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

Insiders Place Their Bets

In other news, insider Natan Israeli sold 259,322 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total transaction 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 represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eyal Manor sold 138,143 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total transaction of $265,234.56. Following the transaction, the director owned 292,398 shares in the company, valued at $561,404.16. The trade was a 32.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 700,117 shares of company stock valued at $1,232,442. Insiders own 16.30% of the company's stock.

About Kaltura

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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