Kaltura (NASDAQ:KLTR) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Kaltura (NASDAQ:KLTR) has been downgraded from a "strong-buy" rating to a "buy" rating by analysts at Wall Street Zen.
• The stock opened at $1.66 and has a market cap of $255.01 million, with a 1-year low of $1.06 and a 1-year high of $2.82.
• CFO John N. Doherty sold 14,828 shares at an average price of $1.97, bringing his total ownership to 1,479,874 shares.

Wall Street Zen lowered shares of Kaltura (NASDAQ:KLTR - Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.

Kaltura Stock Performance

KLTR traded down $0.02 during trading hours on Friday, hitting $1.68. 372,813 shares of the stock were exchanged, compared to its average volume of 421,201. The stock has a 50-day simple moving average of $1.98 and a 200-day simple moving average of $2.09. Kaltura has a 12 month low of $1.06 and a 12 month high of $2.82. The stock has a market cap of $258.08 million, a price-to-earnings ratio of -12.00 and a beta of 1.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.06 and a quick ratio of 1.06.

Insider Transactions at Kaltura

In related news, CFO John N. Doherty sold 14,828 shares of Kaltura stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $1.97, for a total transaction of $29,211.16. Following the sale, the chief financial officer directly owned 1,479,874 shares in the company, valued at $2,915,351.78. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in Kaltura by 51.2% in the 4th quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock worth $60,000 after purchasing an additional 9,291 shares in the last quarter. Geode Capital Management LLC boosted its position in Kaltura by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company's stock worth $4,404,000 after acquiring an additional 11,203 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Kaltura by 58.3% during the 4th 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kaltura by 122.0% during the 4th 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 last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Kaltura by 249.7% during the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company's stock valued at $1,575,000 after buying an additional 511,072 shares during the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

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).