Kaltura (NASDAQ:KLTR) Stock Breaks Above Fifty Day Moving Average - What's Next?

Key Points

• Kaltura shares rose above their 50-day moving average, reaching $1.48 and last trading at $1.47, compared with a 50-day average of $1.43.
• Analyst sentiment remains mixed: Kaltura has a consensus “Hold” rating and a $3.00 price target, with one analyst rating it Buy and another Sell.
• The company exceeded quarterly expectations, reporting $0.01 in earnings per share and $46.89 million in revenue, while insiders have sold 633,638 shares over the past 90 days.

Shares of Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.43 and traded as high as $1.48. Kaltura shares last traded at $1.47, with a volume of 271,028 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on KLTR shares. Wall Street Zen lowered Kaltura from a "buy" rating to a "hold" rating in a report on Saturday, September 12th. Weiss Ratings reissued a "sell (e+)" rating on shares of Kaltura in a report on Friday, September 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Kaltura presently has a consensus rating of "Hold" and a consensus price target of $3.00.

Kaltura Price Performance

The company has a market capitalization of $224.25 million, a price-to-earnings ratio of -16.33 and a beta of 1.20. The firm has a fifty day simple moving average of $1.43 and a 200 day simple moving average of $1.40.

Kaltura (NASDAQ:KLTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million.

Insider Activity

In other Kaltura news, Director Eyal Manor sold 20,795 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1.58, for a total value of $32,856.10. Following the transaction, the director owned 249,965 shares in the company, valued at approximately $394,944.70. This trade represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eynav Azaria sold 83,995 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total transaction of $168,829.95. Following the completion of the transaction, the insider directly owned 2,072,527 shares in the company, valued at approximately $4,165,779.27. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 633,638 shares of company stock worth $1,145,464 over the last 90 days. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kaltura

A number of large investors have recently made changes to their positions in KLTR. BlackRock Inc. purchased a new position in Kaltura during the second quarter worth approximately $7,792,000. S Squared Technology LLC purchased a new stake in Kaltura in the 2nd quarter valued at $2,525,645. Renaissance Technologies LLC grew its holdings in Kaltura by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 654,300 shares of the company's stock valued at $798,000 after buying an additional 14,300 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Kaltura in the 2nd quarter worth $676,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Kaltura during the 2nd quarter worth $363,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Kaltura Company Profile

Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.

The company's offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.

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