Tocqueville Asset Management L.P. Takes Position in Kaltura, Inc. $KLTR

Key Points

• Tocqueville Asset Management L.P. purchased 630,000 shares of Kaltura, Inc. for approximately $1,184,000, increasing its stake to 0.41% of the company.
• Other notable investors, including Millennium Management LLC and Renaissance Technologies LLC, also increased their holdings in Kaltura during the 4th quarter.
• Kaltura's stock has a market cap of $227.10 million and has experienced a 52-week low of $1.06 and a high of $2.82, with recent analyst rating adjustments from "strong-buy" to "buy".

Tocqueville Asset Management L.P. bought a new stake in Kaltura, Inc. (NASDAQ:KLTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 630,000 shares of the company's stock, valued at approximately $1,184,000. Tocqueville Asset Management L.P. owned about 0.41% of Kaltura at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in KLTR. JPMorgan Chase & Co. grew its position in Kaltura by 122.0% during the fourth quarter. JPMorgan Chase & Co. now owns 357,328 shares of the company's stock valued at $786,000 after buying an additional 196,344 shares during the period. Geode Capital Management LLC grew its position in Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company's stock valued at $4,404,000 after buying an additional 11,203 shares during the period. Wells Fargo & Company MN grew its position in Kaltura by 53.9% during the fourth quarter. Wells Fargo & Company MN now owns 45,550 shares of the company's stock valued at $100,000 after buying an additional 15,944 shares during the period. Renaissance Technologies LLC grew its position in Kaltura by 58.3% during the fourth quarter. Renaissance Technologies LLC now owns 638,600 shares of the company's stock valued at $1,405,000 after buying an additional 235,200 shares during the period. Finally, Barclays PLC grew its position in Kaltura by 69.6% during the fourth quarter. Barclays PLC now owns 259,008 shares of the company's stock valued at $570,000 after buying an additional 106,322 shares during the period. Institutional investors own 30.79% of the company's stock.

Insider Activity

In other news, CFO John N. Doherty sold 14,828 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $1.97, for a total value of $29,211.16. Following the sale, the chief financial officer owned 1,479,874 shares of the company's stock, valued at $2,915,351.78. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.50% of the stock is currently owned by company insiders.

Kaltura Stock Performance

Shares of NASDAQ KLTR traded up $0.11 during midday trading on Friday, hitting $1.49. The company's stock had a trading volume of 253,553 shares, compared to its average volume of 258,389. The stock has a fifty day moving average price of $1.81 and a 200 day moving average price of $2.01. Kaltura, Inc. has a one year low of $1.06 and a one year high of $2.82. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $230.19 million, a price-to-earnings ratio of -12.42 and a beta of 1.08.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Kaltura from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $2.25.

Kaltura 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).