Weiss Ratings Reaffirms Sell (E+) Rating for Kaltura (NASDAQ:KLTR)

Key Points

• Weiss Ratings has reaffirmed a "sell (E+)" rating for Kaltura (NASDAQ: KLTR), indicating ongoing concerns about the company's stock performance.
• Kaltura's stock has recently seen a downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen, with an average price target of $2.25.
• Insider trading activity revealed that CFO John N. Doherty sold over 38,000 shares of Kaltura's stock, leading to a 2.58% decrease in his ownership stake in the company.

Kaltura (NASDAQ:KLTR - Get Free Report)'s stock had its "sell (e+)" rating restated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Kaltura from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $2.25.

Kaltura Trading Up 1.4%

Shares of Kaltura stock opened at $1.50 on Wednesday. The company has a market capitalization of $231.74 million, a P/E ratio of -12.50 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day moving average of $1.58 and a 200 day moving average of $1.87. Kaltura has a fifty-two week low of $1.24 and a fifty-two week high of $2.82.

Insider Activity at Kaltura

In other Kaltura news, CFO John N. Doherty sold 38,114 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $1.49, for a total transaction of $56,789.86. Following the completion of the transaction, the chief financial officer owned 1,441,760 shares of the company's stock, valued at $2,148,222.40. This represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. S Squared Technology LLC bought a new position in shares of Kaltura during the 1st quarter valued at about $1,679,000. Acadian Asset Management LLC boosted its holdings in shares of Kaltura by 170.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,483,536 shares of the company's stock valued at $2,780,000 after purchasing an additional 935,255 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Kaltura by 39.4% during the 4th quarter. Bank of America Corp DE now owns 176,012 shares of the company's stock valued at $387,000 after purchasing an additional 49,775 shares during the last quarter. Rhumbline Advisers raised its position in shares of Kaltura by 10.7% during the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock valued at $151,000 after buying an additional 7,760 shares in the last quarter. Finally, Walleye Capital LLC raised its position in shares of Kaltura by 154.9% during the 1st quarter. Walleye Capital LLC now owns 497,342 shares of the company's stock valued at $935,000 after buying an additional 302,243 shares in the last quarter. 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).

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