Wall Street Zen Downgrades Kaltura (NASDAQ:KLTR) to Buy

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 downgraded shares of Kaltura (NASDAQ:KLTR - Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday.

Kaltura Trading Up 2.2%

NASDAQ:KLTR traded up $0.04 during mid-day trading on Friday, hitting $1.72. 66,030 shares of the stock traded hands, compared to its average volume of 418,778. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $263.77 million, a price-to-earnings ratio of -12.25 and a beta of 1.08. The firm's 50 day moving average is $1.97 and its two-hundred day moving average is $2.08. Kaltura has a 52 week low of $1.06 and a 52 week high of $2.82.

Insider Buying and Selling

In other news, 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 transaction, the chief financial officer directly owned 1,494,702 shares in the company, valued at approximately $3,333,185.46. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kaltura

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. purchased a new stake in Kaltura during the fourth quarter valued at approximately $25,000. Ameriprise Financial Inc. acquired a new stake in Kaltura during the fourth quarter valued at $28,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Kaltura in the first quarter valued at about $26,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Kaltura in the second quarter worth about $38,000. Finally, ProShare Advisors LLC raised its stake in Kaltura by 51.2% during the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock worth $60,000 after purchasing an additional 9,291 shares during the period. Hedge funds and other institutional investors own 30.79% of the company's stock.

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).