Kaltura (NASDAQ:KLTR) Downgraded to Buy Rating by Wall Street Zen

Kaltura (NASDAQ:KLTR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Friday.

Separately, Needham & Company LLC reissued a "buy" rating and set a $3.00 price objective on shares of Kaltura in a report on Friday, March 14th.

Kaltura Trading Down 2.2%

KLTR stock traded down $0.05 on Friday, reaching $2.18. The company's stock had a trading volume of 448,578 shares, compared to its average volume of 324,564. The firm has a market cap of $334.89 million, a PE ratio of -10.38 and a beta of 1.12. The business has a fifty day simple moving average of $2.08 and a two-hundred day simple moving average of $2.18. Kaltura has a 12-month low of $0.82 and a 12-month high of $2.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12.

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 40,118 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $2.23, for a total value of $89,463.14. Following the completion of the sale, the chief financial officer now owns 1,494,702 shares in the company, valued at approximately $3,333,185.46. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 13.50% of the company's stock.

Hedge Funds Weigh In On Kaltura

Several large investors have recently made changes to their positions in KLTR. Sei Investments Co. bought a new stake in Kaltura during the 4th quarter valued at approximately $25,000. Ameriprise Financial Inc. bought a new stake in shares of Kaltura during the fourth quarter valued at approximately $28,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Kaltura in the first quarter worth $26,000. ProShare Advisors LLC boosted its position in shares of 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 acquiring an additional 9,291 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Kaltura during the fourth quarter worth $67,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

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).