Kaltura (NASDAQ:KLTR) CEO Ron Yekutiel Buys 40,475 Shares

Key Points

• CEO Ron Yekutiel bought 40,475 shares on March 23 at $1.23 (part of three purchases from March 19–23), bringing his total stake to 15,055,748 shares
• Kaltura (KLTR) trades around $1.23 with a market cap of $182.2M and a negative P/E; the company reported $45.54M in quarterly revenue and faces mixed analyst views with a consensus rating of "Hold" and a $3 price target.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) CEO Ron Yekutiel purchased 40,475 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average price of $1.23 per share, for a total transaction of $49,784.25. Following the completion of the transaction, the chief executive officer owned 15,055,748 shares in the company, valued at $18,518,570.04. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ron Yekutiel also recently made the following trade(s):

• On Friday, March 20th, Ron Yekutiel acquired 43,550 shares of Kaltura stock. The stock was acquired at an average price of $1.14 per share, with a total value of $49,647.00.
• On Thursday, March 19th, Ron Yekutiel acquired 44,100 shares of Kaltura stock. The stock was acquired at an average cost of $1.12 per share, for a total transaction of $49,392.00.

Kaltura Price Performance

Shares of KLTR stock traded up $0.01 during trading hours on Tuesday, hitting $1.23. 374,808 shares of the company's stock were exchanged, compared to its average volume of 651,418. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.33. The stock has a market cap of $182.20 million, a price-to-earnings ratio of -15.31 and a beta of 1.06. The stock's 50-day moving average is $1.43 and its 200-day moving average is $1.53.

Kaltura (NASDAQ:KLTR - Get Free Report) last released its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.The business had revenue of $45.54 million during the quarter, compared to analysts' expectations of $45.35 million.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KLTR shares. Needham & Company LLC reissued a "buy" rating and set a $3.00 price target on shares of Kaltura in a research note on Tuesday, March 17th. Wall Street Zen downgraded Kaltura from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Kaltura in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC increased its position in shares of Kaltura by 69.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company's stock valued at $116,000 after buying an additional 25,352 shares in the last quarter. AQR Capital Management LLC grew its stake in Kaltura by 99.7% in the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company's stock valued at $94,000 after acquiring an additional 25,083 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Kaltura in the first quarter valued at about $128,000. Jane Street Group LLC bought a new stake in shares of Kaltura in the first quarter worth about $90,000. Finally, Rhumbline Advisers raised its position in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock worth $151,000 after purchasing an additional 7,760 shares during the period. Institutional investors own 30.79% of the company's stock.

About Kaltura

Kaltura, Inc NASDAQ: KLTR is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company's cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.

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