John Doherty Sells 18,580 Shares of Kaltura (NASDAQ:KLTR) Stock

Key Points

• John Doherty, CFO of Kaltura, sold 18,580 shares at an average price of $1.52, which decreased his holdings by 1.29% to a total of 1,423,180 shares valued at approximately $2.16 million.
• Kaltura's stock has experienced a decline, currently trading at $1.45, with a year-low of $1.24, and an average daily trading volume significantly below its typical levels.
• Analysts have adjusted ratings for Kaltura, with one firm downgrading it from "strong-buy" to "buy", while the stock presently holds a consensus rating of "Reduce" with a target price of $2.25.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) CFO John Doherty sold 18,580 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $1.52, for a total value of $28,241.60. Following the transaction, the chief financial officer owned 1,423,180 shares in the company, valued at $2,163,233.60. This represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kaltura Price Performance

Kaltura stock traded down $0.03 during mid-day trading on Wednesday, reaching $1.45. The company had a trading volume of 43,079 shares, compared to its average volume of 387,395. Kaltura, Inc. has a 1 year low of $1.24 and a 1 year high of $2.82. The company has a market capitalization of $224.01 million, a P/E ratio of -12.08 and a beta of 1.04. The stock's 50-day simple moving average is $1.58 and its 200-day simple moving average is $1.87. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.17 and a quick ratio of 1.17.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Kaltura from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Weiss Ratings restated a "sell (e+)" rating on shares of Kaltura in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, Kaltura presently has a consensus rating of "Reduce" and a consensus target price of $2.25.

Institutional Investors Weigh In On Kaltura

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Kaltura by 39.4% in the 4th quarter. Bank of America Corp DE now owns 176,012 shares of the company's stock valued at $387,000 after purchasing an additional 49,775 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Kaltura by 189.0% in the 4th quarter. Squarepoint Ops LLC now owns 59,415 shares of the company's stock valued at $131,000 after purchasing an additional 38,854 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of 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 purchasing an additional 7,760 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kaltura in the 1st quarter valued at about $26,000. Finally, XTX Topco Ltd acquired a new position in shares of Kaltura in the 1st quarter valued at about $267,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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).

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