Kaltura (NASDAQ:KLTR) CEO Ron Yekutiel Acquires 43,550 Shares

Kaltura, Inc. (NASDAQ:KLTR) CEO Ron Yekutiel bought 43,550 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $1.14 per share, for a total transaction of $49,647.00. Following the completion of the acquisition, the chief executive officer owned 15,015,273 shares in the company, valued at approximately $17,117,411.22. This trade represents a 0.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ron Yekutiel also recently made the following trade(s):

• On Thursday, March 19th, Ron Yekutiel purchased 44,100 shares of Kaltura stock. The stock was bought at an average price of $1.12 per share, with a total value of $49,392.00.

Kaltura Trading Down 0.4%

NASDAQ:KLTR traded down $0.01 during trading hours on Monday, hitting $1.23. The stock had a trading volume of 541,904 shares, compared to its average volume of 651,280. The company has a market cap of $182.21 million, a PE ratio of -15.31 and a beta of 1.06. The business has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $1.53. Kaltura, Inc. has a 1-year low of $1.06 and a 1-year high of $2.33.

Kaltura (NASDAQ:KLTR) last posted its earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter. The business had revenue of $45.54 million for the quarter, compared to analysts’ expectations of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Institutional Trading of Kaltura

Institutional investors have recently added to or reduced their stakes in the stock. Gagnon Securities LLC increased its position in shares of Kaltura by 32.6% in the 3rd quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after purchasing an additional 709,598 shares during the last quarter. Tocqueville Asset Management L.P. lifted its position in shares of Kaltura by 69.5% during the third quarter. Tocqueville Asset Management L.P. now owns 1,402,383 shares of the company’s stock worth $2,019,000 after purchasing an additional 575,000 shares during the last quarter. S Squared Technology LLC grew its stake in Kaltura by 39.6% in the fourth quarter. S Squared Technology LLC now owns 1,316,323 shares of the company’s stock worth $2,159,000 after purchasing an additional 373,149 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Kaltura by 63.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 917,078 shares of the company’s stock worth $1,843,000 after purchasing an additional 355,358 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in Kaltura in the fourth quarter valued at about $364,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KLTR. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research note on Tuesday, March 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kaltura currently has a consensus rating of “Hold” and a consensus target price of $3.00.

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.