Wall Street Zen Downgrades Kaltura (NASDAQ:KLTR) to Hold

Kaltura (NASDAQ:KLTR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Stock Performance

KLTR opened at $1.41 on Friday. The company has a market cap of $215.10 million, a P/E ratio of -15.66 and a beta of 1.18. The business’s 50-day moving average price is $1.49 and its 200-day moving average price is $1.39. Kaltura has a 12 month low of $1.05 and a 12 month high of $2.05.

Kaltura (NASDAQ:KLTR) last released its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.The company had revenue of $46.89 million during the quarter, compared to analyst estimates of $45.60 million.

Insider Activity

In related news, Director Eyal Manor sold 138,143 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.92, for a total transaction of $265,234.56. Following the transaction, the director owned 292,398 shares in the company, valued at $561,404.16. The trade was a 32.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eynav Azaria sold 83,995 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $2.01, for a total value of $168,829.95. Following the transaction, the insider owned 2,072,527 shares in the company, valued at approximately $4,165,779.27. This represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 664,326 shares of company stock valued at $1,184,569. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Kaltura

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Kaltura during the second quarter valued at approximately $7,792,000. Vanguard Group Inc. lifted its stake in Kaltura by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock worth $7,215,000 after acquiring an additional 79,633 shares during the period. Geode Capital Management LLC lifted its stake in Kaltura by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock worth $3,352,000 after acquiring an additional 122,548 shares during the period. S Squared Technology LLC bought a new stake in Kaltura in the second quarter valued at $2,525,645. Finally, Russell Investments Group Ltd. boosted its holdings in Kaltura by 5.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock valued at $2,796,000 after acquiring an additional 83,792 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

Kaltura Company Profile

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.