John N. Doherty Sells 40,118 Shares of Kaltura, Inc. (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) CFO John N. Doherty sold 40,118 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were 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 now owns 1,494,702 shares in the company, valued at $3,333,185.46. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kaltura Stock Up 0.9%

Shares of KLTR traded up $0.02 during trading hours on Friday, hitting $2.23. The stock had a trading volume of 253,910 shares, compared to its average volume of 324,066. Kaltura, Inc. has a 1-year low of $0.82 and a 1-year high of $2.82. The firm has a market capitalization of $342.57 million, a P/E ratio of -10.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $2.08 and a 200-day simple moving average of $2.18.

Hedge Funds Weigh In On Kaltura

Hedge funds have recently modified their holdings of the company. Sei Investments Co. purchased a new position in shares of Kaltura during the 4th quarter valued at $25,000. Ameriprise Financial Inc. bought a new position in Kaltura during the 4th quarter valued at approximately $28,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kaltura during the 1st quarter valued at approximately $26,000. ProShare Advisors LLC grew its holdings in shares of Kaltura by 51.2% during the 4th quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock worth $60,000 after acquiring an additional 9,291 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Kaltura during the 4th quarter worth approximately $67,000. Institutional investors own 30.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KLTR. Needham & Company LLC reiterated a "buy" rating and set a $3.00 target price on shares of Kaltura in a report on Friday, March 14th. Wall Street Zen cut Kaltura from a "strong-buy" rating to a "buy" rating in a research note on Friday.

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).