Walleye Capital LLC Has $935,000 Stock Holdings in Kaltura, Inc. $KLTR

Key Points

• Walleye Capital LLC increased its holdings in Kaltura, Inc. by 154.9% in Q1, now owning approximately 497,342 shares valued at $935,000.
• Kaltura's CFO sold 40,118 shares at $2.23 each, reducing his stake by 2.61%, while company insiders hold 13.50% of the stock.
• Wall Street analysts have downgraded Kaltura from a "strong-buy" to a "buy," currently holding a consensus rating of "Hold" with a target price of $2.25.

Walleye Capital LLC lifted its holdings in Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 154.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 497,342 shares of the company's stock after purchasing an additional 302,243 shares during the quarter. Walleye Capital LLC owned about 0.32% of Kaltura worth $935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. EntryPoint Capital LLC acquired a new position in shares of Kaltura in the 1st quarter valued at approximately $59,000. Algert Global LLC acquired a new position in shares of Kaltura in the 1st quarter valued at approximately $69,000. Tocqueville Asset Management L.P. acquired a new position in shares of Kaltura in the 1st quarter valued at approximately $1,184,000. Nuveen LLC acquired a new position in shares of Kaltura in the 1st quarter valued at approximately $237,000. Finally, Deutsche Bank AG grew its position in shares of Kaltura by 12.3% in the 1st quarter. Deutsche Bank AG now owns 57,815 shares of the company's stock valued at $109,000 after purchasing an additional 6,318 shares during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 40,118 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $2.23, for a total transaction of $89,463.14. Following the completion of the transaction, the chief financial officer owned 1,494,702 shares of the company's stock, valued at $3,333,185.46. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Kaltura Trading Down 1.2%

NASDAQ:KLTR opened at $1.59 on Friday. Kaltura, Inc. has a twelve month low of $1.06 and a twelve month 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. The business has a 50 day moving average price of $1.77 and a two-hundred day moving average price of $1.97. The company has a market cap of $245.64 million, a P/E ratio of -13.25 and a beta of 1.08.

About Kaltura

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).

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