Kaltura (NASDAQ:KLTR) Shares Up 7% - Time to Buy?

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report)'s stock price rose 7% during mid-day trading on Thursday . The company traded as high as $1.88 and last traded at $1.83. Approximately 398,618 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 334,033 shares. The stock had previously closed at $1.71.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Kaltura from a "buy" rating to a "strong-buy" rating in a report on Friday.

Kaltura Stock Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.23. The company's fifty day moving average is $2.05 and its 200 day moving average is $2.12. The company has a market cap of $288.81 million, a P/E ratio of -13.43 and a beta of 1.09.

Insider Buying and Selling 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 completion of the transaction, the chief financial officer directly owned 1,479,874 shares of the company's stock, valued at $2,915,351.78. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KLTR. Avalon Ventures Management LLC bought a new stake in Kaltura during the fourth quarter valued at approximately $19,718,000. Acadian Asset Management LLC boosted its position in shares of Kaltura by 170.6% in the first quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company's stock worth $2,780,000 after purchasing an additional 935,255 shares during the period. S Squared Technology LLC bought a new position in shares of Kaltura in the first quarter worth approximately $1,679,000. Tocqueville Asset Management L.P. bought a new position in shares of Kaltura in the first quarter worth approximately $1,184,000. Finally, Millennium Management LLC boosted its position in shares of Kaltura by 249.7% in the fourth quarter. Millennium Management LLC now owns 715,755 shares of the company's stock worth $1,575,000 after purchasing an additional 511,072 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.

Kaltura Company Profile

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).