S Squared Technology LLC Acquires New Shares in Kaltura, Inc. $KLTR

Key Points

• S Squared Technology LLC acquired a new position in Kaltura, Inc. with an investment of approximately $1.68 million, amounting to 893,174 shares, representing about 0.58% ownership of the company.
• Analyst sentiment has shifted, with Wall Street Zen downgrading Kaltura's stock from a "strong-buy" to a "buy" rating, while the consensus rating is currently at "Hold" with an average price target of $2.25.
• Kaltura's stock recently saw a 5.5% increase and currently trades at $1.54, with a market cap of approximately $237.91 million.

S Squared Technology LLC purchased a new stake in Kaltura, Inc. (NASDAQ:KLTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 893,174 shares of the company's stock, valued at approximately $1,679,000. S Squared Technology LLC owned approximately 0.58% of Kaltura as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in Kaltura during the 1st quarter worth approximately $128,000. AQR Capital Management LLC increased its stake in Kaltura by 99.7% during the 1st quarter. AQR Capital Management LLC now owns 50,234 shares of the company's stock worth $94,000 after buying an additional 25,083 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Kaltura by 69.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company's stock worth $116,000 after buying an additional 25,352 shares in the last quarter. Walleye Capital LLC increased its stake in Kaltura by 154.9% during the 1st quarter. Walleye Capital LLC now owns 497,342 shares of the company's stock worth $935,000 after buying an additional 302,243 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Kaltura during the 1st quarter worth approximately $59,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Kaltura from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.25.

Insider Buying and Selling at Kaltura

In other news, CFO John N. Doherty sold 38,114 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $1.49, for a total transaction of $56,789.86. Following the transaction, the chief financial officer directly owned 1,441,760 shares in the company, valued at $2,148,222.40. The trade was a 2.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.50% of the stock is currently owned by corporate insiders.

Kaltura Price Performance

Shares of Kaltura stock traded up $0.01 on Friday, hitting $1.72. 281,794 shares of the company were exchanged, compared to its average volume of 255,579. The stock has a market capitalization of $265.72 million, a price-to-earnings ratio of -14.33 and a beta of 1.07. The company has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.91. Kaltura, Inc. has a 1-year low of $1.22 and a 1-year high of $2.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.57.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).