Kaltura (NASDAQ:KLTR) Trading 4.6% Higher - Still a Buy?

Key Points

• Kaltura stock rose 4.6% to $1.14 on Wednesday with a $169.6M market cap, trading below its 50‑day ($1.30) and 200‑day ($1.47) moving averages on slightly lighter volume.
• Analysts are mixed: the consensus rating is "Hold" with an average target of $3.00, as Needham keeps a Buy ($3 target) while some firms have downgraded or hold Sell views.
• Company insiders have recently bought shares — CEO Ron Yekutiel purchased 44,100 shares and a director bought 40,000 — and insiders now own about 13.5% of the company.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report)'s stock price traded up 4.6% during trading on Wednesday . The stock traded as high as $1.15 and last traded at $1.14. 514,658 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 576,246 shares. The stock had previously closed at $1.09.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Needham & Company LLC restated a "buy" rating and issued a $3.00 price target on shares of Kaltura in a research report on Tuesday, March 17th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Kaltura in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $3.00.

Kaltura Stock Performance

The stock has a market cap of $169.56 million, a price-to-earnings ratio of -14.25 and a beta of 1.08. The company's 50 day simple moving average is $1.30 and its two-hundred day simple moving average is $1.47.

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

Insider Buying and Selling at Kaltura

In related news, CEO Ron Yekutiel acquired 44,100 shares of the company's stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of $1.12 per share, for a total transaction of $49,392.00. Following the purchase, the chief executive officer owned 14,971,723 shares in the company, valued at $16,768,329.76. This represents a 0.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Levandov acquired 40,000 shares of the company's stock in a transaction on Monday, March 23rd. The stock was bought at an average price of $1.22 per share, for a total transaction of $48,800.00. Following the purchase, the director owned 489,706 shares in the company, valued at approximately $597,441.32. This trade represents a 8.89% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 223,125 shares of company stock worth $266,523 and have sold 255,544 shares worth $308,572. Company insiders own 13.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its stake in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock worth $25,000 after purchasing an additional 7,184 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Kaltura by 7.4% during the 3rd quarter. GSA Capital Partners LLP now owns 111,532 shares of the company's stock worth $161,000 after purchasing an additional 7,695 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Kaltura by 10.7% during the 1st 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 last quarter. Invesco Ltd. increased its stake in shares of Kaltura by 21.4% during the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company's stock worth $93,000 after purchasing an additional 8,157 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Kaltura by 27.9% during the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company's stock worth $67,000 after purchasing an additional 8,901 shares during the last quarter. Institutional investors and hedge funds 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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